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Walmart’s Mexico unit says quarterly net profit up 10% -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Two men walk by the Walmart logo in front of a Monterrey location, Mexico. February 12, 2018, 2018. REUTERS/Daniel Becerril

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MEXICO CITY – Walmart Mexico (NYSE:) reported Tuesday a 11.1 billion peso ($558.5m) first quarter net profit. This is more than 10% higher than the prior year.

Walmart de Mexico in Mexico is the largest Mexican retailer. It earned revenue in January to March of 187.8 Billion Pesos, which was 10% higher than it did the year before.

($1 = 19.8911 pesos at end-March)

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