Lower prices and stores refurbishments have helped Dutch supermarket group Ahold post second quarter income of €130m, compared with a net loss of €28m the year before.

The group also said that net sales for the quarter were down 0.9% to €10.4bn, but excluding currency impact were up 0.5%.

Ahold chief executive, Anders Moberg, said: “Execution of our value repositioning and restructuring programme is continuing, our divestment programme is almost complete, debt has been further reduced, and we have stepped up our investments in new and remodelled stores.”