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Wal-Mart De Mexico Reports Profit Doubled In 2Q 2014

July 23, 2014: 12:00 AM EST
Wal-Mart de Mexico, the country’s largest retailer, said its profit for the second quarter of 2014 doubled to reach 10.418 billion pesos, or $802 million, compared with 5.147 billion pesos for the same period in 2013. Before accounting for Walmex’s sale of its Vips business to restaurant company Alsea in May 2014 for 8.2 billion pesos, the retailer said profit rose 2.5 percent to 5.14 billion pesos, with revenue rising 5.6 percent to 104.55 billion pesos.
Elinor Comlay and Gabriela Lopez, "UPDATE 2-Mexico's Walmex says 2nd-qtr profit doubles", Reuters, July 23, 2014, © Thomson Reuters
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