(MENAFN) Netherlands's Royal Ahold's CEO, Dick Boer, announced that the company's fourth-quarter income fell to around USD208 million from USD353.22 million in 2011's same period, reported Xinhua News.
Boer added that the quarter's underlying operating income went up by 4.1 percent to USD464.42 million.
He added that Ahold focuses on simplifying its business in order to lower costs to carry on enhancing its offering and the value it provides to its customers.
It is worth noting that the supermarket firm's total net profit for 2012 dropped by 18.7 percent from 2011, reaching USD1.08 billion, whereas full-year underlying operating income rose by 2.8 percent to USD1.84 billion.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.