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Article: Walmex net profits rise 10.11% in Q3.
- Article from:
- Internet Securities
- Article date:
- October 28, 2002
CopyrightCOPYRIGHT 2002 COMTEX News Network, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MEXICO CITY, Oct 17, 2002 (Mexico Analytica/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- Walmex, the Mexican subsidiary of Wal-Mart, already contributes around 25% of its parent company's international sales and surpasses its profit margins and now results for the third quarter of 2002 show that net profits have risen 10.11% year-on-year, while net sales rose 14.82% in the same period.Walmex's net sales for July-September climbed to 72.33 billion pesos (US$7.23 billion) from the 62.99 billion pesos (US$6.30 billion) sold in the same period of 2001, a gain of some 14.82%. As a consequence, ...
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... ... Corporate Mexico by Internet Securities, Inc. via ... Telmex) saw net profits drop 7.5 ... the firm's net profits slipped 22 ... marked effect on net profits.In long distance ... Copyright 2002 Internet Securities, Inc., all ...
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