(Corrects day of the week in first paragraph)
MEXICO CITY Feb 15 Mexico's biggest retailer,
Wal-Mart de Mexico, reported a 23 percent increase in
fourth-quarter net profit on Wednesday, helped by strong sales.
Wal-Mart de Mexico posted a net profit of 10.4
billion pesos ($504 million) in the period, up from 8.47 billion
pesos a year earlier.
The result beat analysts' expectations of 10.156 billion
pesos, according to a Reuters poll of five analysts.
Revenue for the quarter was 157.5 billion pesos, nearly 12
percent higher than in the year-earlier period.
During the quarter, the retailer said it would invest $1.3
billion in logistics in Mexico, where it aims to double sales by
($1 = 20.64 pesos on Dec. 30)
(Reporting by Noe Torres and Natalie Schachar)