BELGIUM: Delhaize 2002 profits beat expectations
Belgian supermarket chain Delhaize has said that its core profits dropped more than 6% in 2002 due to a weak dollar and slower business in the US, the company's biggest market. Delhaize said 2002 earnings before interest, tax, depreciation and amortisation (EBITDA) were €1.54bn (US$1.68bn), compared to €1.65bn a year earlier. The drop was less than the 10% average that had been expected by analysts.
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