SWEDEN: ICA Ahold posts rise in 2002 profits
Swedish supermarket chain ICA Ahold, which is 50% owned by beleaguered Dutch retail giant Royal Ahold, has reported 2002 net profit of SKr1.71bn (US$204.4m), compared to SKr1.23bn for 2001. The Swedish retailer said its pre-tax profit increased to SKr2.41bn in 2002 from SKr1.91bn the year before. The company posted 2002 net turnover of SKr70.9bn, up from SKr65.0bn in the previous year.
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