Ahold sees profit rise 6%

Amsterdam -- Dutch retailer Koninklijke Ahold N.V. reported Tuesday that profit for the first quarter increased 6% to $423.84 million, citing a 6% sales rise and lowered operating costs for the improved performance.

Ahold generates more than half its sales in the United States through its Stop & Shop, Giant Carlisle and Giant Landover banners. In the Netherlands, it operates under the Albert Heijn banner.

The company didn't give any guidance or detail on its growth strategy.
 

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