Wal-Mart de Mexico net profits up 18 percent in 3Q



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By Staff, Associated Press
October 8th, 2009

Wal-Mart de Mexico SA says net profit for the third quarter rose 18.1 percent, on an 11.9 percent gain in sales and a 17.3 boost in operating income.

Net income at the Mexican unit of Wal-Mart Stores Inc. ( WMT - news - people ) totaled 3.86 billion pesos in the July-September period, up from 3.27 billion pesos in the third quarter of 2008.

Walmex President Eduardo Solorzano says the company's stores and restaurants drew 16.3 percent more customers in the quarter. Average sales per customer were down 0.5 percent, however.

According to an earnings report issued Thursday, same-store sales rose 4.7 percent in the quarter.

Earnings per share increased 19.2 percent.

Walmex "V" shares closed up 0.02 percent at 47.79 pesos before the report was released.