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Reuters
Published
Oct 28, 2015
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Mexico's Walmex profit jumps 22 pct on higher sales

By
Reuters
Published
Oct 28, 2015

Mexico's biggest retailer, Wal-Mart de Mexico, reported a 22 percent rise in third-quarter profit on Tuesday, helped by strong sales.


Wal-Mart de Mexico reported a net profit of 5.9 billion pesos ($350 million) in the July-September period, up from 4.9 billion pesos in the year-earlier period.

Quarterly net profit was above analysts' expectations of 5.459 billion pesos, according to a Reuters poll of five analysts.

Revenue for the quarter was 117.3 billion pesos, 12 percent higher than in the year-earlier period.

$1 = 16.993 pesos at end of September

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