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Walmex profit surges on higher sales

Wednesday, April 27, 2016

Mexico's biggest retailer, Wal-Mart de Mexico, reported a 29.9 percent rise in first-quarter net profit on Tuesday, helped by a boost in sales.

Wal-Mart de Mexico posted a net profit of 6.719 billion pesos ($389 million) in the January-March period, up from 5.175 billion pesos in the year-earlier period.

Source: Reuters