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Wal-Mart flat profit

WAL-MART Stores Inc posted a flat first-quarter profit yesterday as revenue from its huge international operations was hurt by the stronger US dollar.

The world's largest retailer earned US$3.02 billion, or 77 cents per share, for the period ended April 30. That was flat from a year earlier. Revenue fell 0.6 percent to US$93.47 billion, from US$94.04 billion a year earlier.


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