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 ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

WhyRegisterfor FREE?

Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.

Click here to read the FAQ page if you have any questions (opens in a new window)

Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.

Already registered? here.