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Mexico's Walmex reports lower third-quarter profit
October 17, 2014 / 8:08 PM / 3 years ago

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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