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Walmex Q3 profit up 15%


New York City -- Wal-Mart de Mexico SA said its third quarter profit rose 15%, rebounding from a decline.

Net income grew to $366 million in the July-September period, the chain said in a filing to the Mexican stock exchange. Revenue increased 11% 11 percent to 91.04 billion pesos ($6.72 million) from 82.29 billion pesos.

Wal-Mart de Mexico has opened 258 stores this year, including 215 in Mexico and 43 in Central America. The openings include restaurants and the company’s namesake retail stores.

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