February 13, 2020 / 9:20 PM / 11 days ago

Walmart's Mexico unit posts 4.5% drop in net profit

MEXICO CITY, Feb 13 (Reuters) - Walmart de Mexico, Mexico’s largest retailer, on Thursday reported fourth quarter net profit of 11.2 billion pesos ($594.7 million), a 4.5% drop over the same period last year.

The company known locally as Walmex posted a 4.7% increase in revenues to 185.7 billion pesos in the quarter.

$1 = 18.8860 pesos at end-December Reporting by Daina Beth Solomon; editing by Drazen Jorgic

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