Walmex Reports 1.5 Percent Rise in First Quarter Profit
Walmex reported a 1.5 percent rise in first-quarter net profit to 12.5 billion pesos. Total revenue grew 1.7 percent to reach 245.02 billion pesos.
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WALMART DE MEXICO SAB DE CV reported a 1.5% rise in first-quarter net profit to 12.5 billion pesos ($697.34 million). Total revenue rose 1.7% to 245.02 billion pesos during the first three months of the year. The marginal growth highlights tightening consumer budgets in Mexico as inflation persists.
