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Ahold’s net earnings in CR up 2.5% to EUR 528m

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Retail chain Ahold reported net earnings of EUR 528m in the Czech Republic for Q1 2016, up 2.5% y/y. Basic operating profit grew 200% to EUR 6m. Basic margin increased to 1.1% from 0.4% in the same period last year. Ahold’s general director Dick Boer has stated that the development of revenues generated by former SPAR stores has improved.

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