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Central America boosts Wal-Mart to $360 million

Tuesday, July 20, 2010

Wal-Mart de México (Walmex) has seen its second-quarter net profit rise nearly by a quarter, as revenue rose due to the acquisition of outlets in Central America.

For the quarter ending June, net profit jumped up 24 percent year-on- year to $360 million. The results were helped by the addition of the Central American operations, which it acquired from parent Wal-Mart Stores and regional investors in February.

The company has opened 77 stores so far this year, bringing its total to 2,067 outlets, including 526 in Central America.

Original source: NamNews