Wal-Mart de Mexico Q4 profit increases 14%

Mexico City -- Wal-Mart de Mexico SA reported Tuesday that profit for the fourth quarter increased 14%, citing newly acquired stores in Central America for the improved performance.



The Mexican unit of Wal-Mart Stores said that net income rose to $539 million in the fourth quarter, up from $474 million in the year-ago period.



Revenue rose 25% to $8.3 billion.



Walmex recently acquired stores in Guatemala, El Salvador, Honduras, Nicaragua and Costa Rica.