FOODLAND: REMODELING, EXPANSION DRIVE PROFITS

PERTH, Australia (FNS) -- Foodland Associated here said its Action supermarket chain had first-quarter comparable-store sales rising 4.5% and net sales up 19.7%.Don Humphreys, Foodland chairman, said profits have grown 60% over the past five years, to a record $40 million last year.He told shareholders at the annual general meeting that in Western Australia first-quarter sales were in line with last

PERTH, Australia (FNS) -- Foodland Associated here said its Action supermarket chain had first-quarter comparable-store sales rising 4.5% and net sales up 19.7%.

Don Humphreys, Foodland chairman, said profits have grown 60% over the past five years, to a record $40 million last year.

He told shareholders at the annual general meeting that in Western Australia first-quarter sales were in line with last year despite lower sales by Cash and Carry and Food Service, the latter refl

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