UPDATE 1-Mexico's Walmex reports higher 1st-quarter profit

April 21, 2015 8:34 PM

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MEXICO CITY, April 21 (Reuters) - Mexico's biggest retailer, Wal-Mart de Mexico, on Tuesday reported a 9 percent increase in its first-quarter profit as sales across its stores picked up.

The company reported a profit of 5.174 billion pesos ($339 million), compared with a profit of 4.75 billion pesos in the year-earlier period.

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