BRUSSELS, Belgium (FNS) -- Delhaize "Le Lion" here said a sharp fall in the value of the dollar against the Belgian franc resulted in a 7% drop in net income on a 3.9% decline in sales in the first half ended June 30.
the franc fell 15.2% during the period. At constant exchange rates, net profit would have been up 3.7% and sales up 7.9%, the company said.
All of Delhaize's subsidiaries -- which include Food Lion and Super-Discount Markets in the United States -- showed sales increases in the first half.
