Wal-Mart de México, S.A.B. de C.V. (WMMVF)

UPDATE 2-Retailer Walmex's quarterly profit jumps on more stores, higher wages

Walmart's Mexico and Central America unit posted a 14.4% year-on-year rise in first-quarter net profit on Wednesday, fueled by strong sales across its markets which it attributed partly to Mexicans' larger disposable income. Walmart de Mexico, the country's largest retailer, posted a net profit of 13.18 billion pesos ($797.5 million), above the average forecast of 12.93 billion pesos seen by analysts polled by LSEG.