Walmart's Mexico unit posts net profit of 11 billion pesos

This post was originally published on this site

Walmart (NYSE:WMT) de Mexico, the biggest retailer in Mexico, saw revenue increase 6.4%, to 176 billion pesos, slightly above analyst estimates.

The company added that costs grew 5.5% but still came in below revenue growth, while its profit margin expanded to 8.8%.

($1 = 20.6420 at end-September)