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Delhaize Turns in Sales and Profit Gains for Q4 and '05
BRUSSELS, Belgium -- Thanks to ongoing cost-cutting and new in-store initiatives at its U.S. banners, the Delhaize Group here saw 5.3 percent sales growth and a net profit increase of 66.7 percent for the fourth quarter. For the year, sales grew 4.2 percent, while net profit was up 23.4 percent.