NETHERLANDS: Ahold reports 2002 net loss of €1.2bn
Embattled Dutch retailer Royal Ahold has finally reported its delayed 2002 results, posting a net loss of €1.2bn (US$1.4bn), compared with a year-earlier profit of €750m. Looking to the future, Ahold said that it would announce financing plans and strategy later this month and that it expects to name a new chief for its scandal-ridden US Foodservice unit within ten days, reported Reuters.
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