Delhaize Group Posts Profit In Q4

(RTTNews) - Belgian food retailer Delhaize Group (DEG) said its Group share in net profit for the fourth quarter totaled 101 million euros. This compares to last year's Group share in net loss of 169 million euros. On a per share basis, profit was 0.99 euros versus a loss of 1.68 euros a year ago.

The group posted an operating profit of 157 million euros, compared to a loss of 9 million euros a year earlier.

Revenues for the quarter reached 5.338 billion euros, up 0.1 percent at actual exchange rates or 3.0 percent at identical exchange rates. Organic revenue growth was 3.2 percent in the quarter.

For the year, Group share in net profit totaled 179 million euros, an increase of 71.8 percent at actual exchange rates. Annual revenues were 21.1 billion euros, representing an increase of 0.6 percent at actual exchange rates or 2.6 percent at identical exchange rates. Organic revenue growth was 3.1 percent.