Ahold Fourth-Quarter Profit Jumps 75% on Sales, Cost Reduction
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Royal Ahold NV, the Dutch owner of Stop & Shop grocery stores, said fourth-quarter profit jumped 75 percent as revenue increased and one-time costs fell.
Net income advanced to 270 million euros ($360 million) from 154 million euros a year earlier, the Amsterdam-based company said in a statement. Analysts expected net income of