Disco, the Argentinean subsidiary of Dutch retailer Royal Ahold, has reported net losses of Ps1.4bn (US$385.7m) in the first half of 2002.

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This compares with losses of Ps8.6m in the same period of 2001, reports El Cronista. The company’s equity stands at Ps214.6m.


Last week, the company’s Dutch parent provided Disco with capital of US$70m to help see it though the economic crisis besetting the country.


In the second quarter of this year, Ahold reported global losses of US$194m, compared with profits of US$320m in the same period of last year, the paper reported.

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