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Walmart profits rise on stronger US sales

16 sierpnia, 2012

Retail giant Walmart reported higher quarterly profits on Thursday as sales at US stores rose 2.2 percent.

"Walmart had a strong second quarter, and I\'m pleased with the earnings and overall results," said Mike Duke, Wal-Mart Stores president.

Profits stood at just over $4 billion for the second quarter, a rise of 5.7 percent.