Ahold Q2 earnings lower, increases share buyback programme by 1 bln eur |
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Published
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Thu, 30 Aug 2007 07:17
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AMSTERDAM (Thomson Financial) - Royal Ahold NV reported second-quarter earnings that came in lower than last year's but largely in-line with expectations, while announcing an increase of the earlier announced share buyback programme by 1 bln eur.Net profit rose by 2 bln eur to 2.2 bln eur thanks to the sale of US Foodservice and its Polish operations, but Ahold did not directly report the net profit figure without those one-off additions.Operating profit was 291 mln eur, within the 250-303 mln eur range estimated by analysts and below a restated 302 mln eur recorded in the same period last year.Net sales were 6.6 bln eur, as Ahold reported in its recent trading update.By Kaj Leers, kaj.leers@thomson.comkel/vlbCOPYRIGHTCopyright 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.
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