Ahold’s ICA Group has reported increased sales and improved operating income for the first quarter of 2010.

Net sales for the first quarter amounted to Skr22.72bn (£2.11bn), up 0.7% on the same period last year. At constant exchange rates, net sales grew 1.7%. Operating income amounted to Skr620m (£57.51m), up 133%, while net income for the first quarter reached Skr395m (£36.64m), up 262%.

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