Delhaize beats FY guidance on 12.9 pct growth in net profit on ongoing ops |
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Published
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Thu, 15 Mar 2007 08:48
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BRUSSELS (AFX) - Delhaize SA posted at 12.9 pct rise in full-year net profit on ongoing operations, on identical exchange rates, which beat its own guidance of 8.0-12.0 pct.The supermarket group -- listed in Belgium and the US -- also posted operating profit growth of 5.9 pct on the same basis. It had forecast a rise of 4.0-6.0 pct.Net profit on ongoing operations came in at 425.6 mln eur, up from 379.6 mln. Operating profit rose to 943.6 mln eur from 899.9 mln.For the fourth quarter, net profit fell to 114.7 mln eur from 117.3 mln. Operating profit fell to 262.4 mln eur from 264.6 mln, marginally below 262.0-262.1 mln estimates.The group proposes a net dividend of 0.99 eur per share, up 10.0 pct.For 2007, it sees net sales and other revenues rising 4.0-5.5 pct, net on ongoing operations increasing 8.0-12.0 pct, operating profit rising 6.0-8.0 pct and comparable US store sales increasing 2.5-3.5 pct.It sees capital expenditure for the same period at 835.0 mln eur.Delhaize said it is to sell Belgian beauty care business Di to Distripar's Parma Gestion for 33.4 mln eur.simon.zekaria@thomson.comsz/harCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Delhaize posts below-forecast rise in FY sales, top-end guidance UPDATE 