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Wal-Mart de Mexico posts nine percent drop in second-quarter profit

Walmex posted a second-quarter net profit of US$339 million.

Two people walk outside a Wal-Mart store in Mexico City. (Photo: Reuters)
26/07/2016 |16:43Reuters |
Redacción El Universal
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Mexico's Wal-Mart de Mexico on Tuesday reported second-quarter net profit was down 9.2 percent from the same period last year, due to a one-time gain during the year-earlier quarter.

The company, known as Walmex, posted a second-quarter net profit of US$339 million.

During the second quarter of last year, Walmex sold its banking unit to Grupo Financiero Inbursa.

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