Mexico's Walmex first-quarter profit falls 4.5 pct

MEXICO CITY, April 22 Tue Apr 22, 2014 6:15pm EDT

MEXICO CITY, April 22 (Reuters) - Mexico's biggest retailer, Wal-Mart de Mexico, on Tuesday reported a 4.5 percent slump in first-quarter profit.

The company, which is controlled by U.S. retailer Wal-Mart Stores, reported a profit of 4.75 billion pesos ($364 million) for the period from January to March, down from 4.971 billion pesos a year ealier.

($1 = 13.06 pesos) (Reporting by Christine Murray)


After wave of QE, onus shifts to leaders to boost economy

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