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Addition of Central America helps Walmart de México gain 21 percent jump in profit

Wednesday, April 13, 2011

Walmart de México y Centroamérica, the region’s top retailer, is expected to post a 21 percent jump in its first-quarter profit, helped by the addition of stores in Central America.

A Reuters survey of five analysts showed that the company, due to report results on Friday, may have earned a profit of $417 million.

The retailer finalized its purchase of more than 500 stores from Walmart Centroamerica in March of last year.

Original source: Reuters