AHOLD DELAYS RESULTS, POSTS DROP IN SALES

ZAANDAM, Netherlands -- Ahold here, struggling to reconcile its books after profit overstatements of more than $1 billion, delayed for a second time the release of its 2002 earnings report.In a conference call with analysts, the company said the delay was due to the complicated nature of its accounting review, not to the discovery of any additional accounting problems."This process, which is a hard,

ZAANDAM, Netherlands -- Ahold here, struggling to reconcile its books after profit overstatements of more than $1 billion, delayed for a second time the release of its 2002 earnings report.

In a conference call with analysts, the company said the delay was due to the complicated nature of its accounting review, not to the discovery of any additional accounting problems.

"This process, which is a hard, hard grind, is taking longer than either us or our auditors thought it would

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