Amsterdam - Dutch supermarket giant Ahold was holding up against the financial crisis, the company said upon releasing positive fourth quarter results for 2008 on Monday.
The company said net income in the last three months of 2008 was 285 million euros (360.53 million dollars), up from 262 million euros in the same period in 2007.
Ahold runs the biggest Dutch supermarket chain, Albert Heijn, as well as US stores Stop&Shop and Giant-Carlisle.
Responding to the company results Chief Executive Officer John Rishton said Ahold was "well prepared to respond to the effects of recession."