FRANKLINS COMMITTED TO OUTLET TRANSFORMATION

SYDNEY, Australia (FNS) -- Franklins Holdings Ltd. here said it is determined to pursue its commitment to transform its supermarkets from its traditional grocery operation to a fresh-food discount outlet, despite a steep decline in company earnings in the year just ended.resh produce, meat and deli items, will be carried out over the next two years.Currently, fewer than 100 of the chain's store are

SYDNEY, Australia (FNS) -- Franklins Holdings Ltd. here said it is determined to pursue its commitment to transform its supermarkets from its traditional grocery operation to a fresh-food discount outlet, despite a steep decline in company earnings in the year just ended.

resh produce, meat and deli items, will be carried out over the next two years.

Currently, fewer than 100 of the chain's store are of the No Frills variety.

The company reported an operating profi

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