MEXICO CITY, Feb 16 (Reuters) - Mexico’s No. 1 retailer, Wal-Mart de Mexico, on Tuesday reported an 18 percent lower fourth-quarter profit.
The company, known locally as Walmex, reported a profit of 8.472 billion pesos ($492.215 million), compared to a profit of 10.387 billion pesos in the year-earlier quarter.
Revenue for the quarter was 145.914 billion pesos, 12.7 percent higher than the year earlier period.
$1 = 17.2120 pesos at end December Reporting by Gabriela Lopez