Ahold Reports Decline In Q2 Net Profit

Ahold NV

reported a rise in its market share for the second quarter. Ahold's net profit for the period fell 1.5% to EUR199 million. Its sales dropped 3.5% to EUR6.9 billion. At constant exchange rates, net sales climbed 5.4%. Ahold's earnings before interest and taxes dipped 20.7% to EUR275 million. Ahold shares gained 0.16% to $12.20 in after-hours trading.