Ahold 3rd-quarter net off 8.9%, sales up 3.9%

TEL AVIV (MarketWatch) — Ahold, the Amsterdam supermarket operator, reported third-quarter net income fell 8.9% on 3.9% higher sales. Profit was 195 million euros ($243.2 million) against 214 million in the year-earlier period. Profit from continuing operations fell 16% to 187 million euros. Sales reached 5.81 billion euros from 5.59 billion. At constant exchange rates, sales rose 7.6%. Ahold attributed the drop in net to higher income taxes and lower income from joint ventures. Income from ventures fell 43% to 30 million euros.
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