Tuesday, December 9, 2008

Earnings of Wal-Mart Stores Inc, grow up to $ 2.86 billion

Earnings retailer Wal-Mart Stores Inc rose in the third quarter of 2007-2008 financial year thanks to good sales of units, tighter control of costs and efforts to attract customers early in American supermarkets in anticipation of the festive season.

Net profit of the world's largest retailer rose to $ 2.86 billion, or 70 cents per share, in the third quarter of 2007-2008 fiscal year, ended October 31, with $ 2.65 billion, or 63 cents per share, for the same period last fiscal year . Company sales increased by 8.8 per cent to $ 90.9 billion

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