Dutch grocery retailer Laurus has posted a loss of E15m for its first half, compared to an increase of E7m for the same period in 2003.

The company has stated that it continues to be affected by the price war and will post an unspecified full-year loss.

Harry Bruijniks, chairman of Laurus NV’s group management board, said: “Laurus finished the first half of 2004 with a disappointing result. However, it is still Laurus’ long-term objective to restore the business back to full health. Inevitably this is taking some time.”

Consolidated first-half turnover dropped to E1.782bn from E2.182bn for the same period last year.

Like-for-like sales by the Dutch core activities (Edah, Konmar and Super De Boer), were down by 7.7%