Mexico's Walmex reports lower third-quarter profit
MEXICO CITY Oct 17 (Reuters) - Mexico's biggest retailer, Wal-Mart de Mexico, on Friday said its third-quarter profit fell 8 percent.
The company reported a profit of 4.871 billion pesos ($363 million) for the period from July to September, compared to a profit of 5.295 billion pesos in the year-earlier period.
Walmex sold its Vips restaurant chain to franchise operator Alsea earlier this year for 8.2 billion pesos. ($1 = 13.4235 pesos at end Sept)
(Reporting by Mexico City Newsroom)
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