[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Tuesday, 21 February 2006, 13:06 GMT
Laptops boost Wal-Mart's profits
Wal-Mart store in New Jersey, United States
Wal-Mart is the world's biggest retailer
Retail giant Wal-Mart has posted higher quarterly profits after a successful holiday period built on sales of laptop computers and gift cards.

The world's biggest retailer said net income rose to $3.6bn (2.06bn) in the fourth quarter to 31 January, from $3.2bn a year earlier.

US net sales rose 8.6% to $89.3bn, despite US consumers being hit with steeper petrol and home heating bills.

In the UK, Asda stores' sales were up 9.6%, and operating profit up 14.1%.

Wal-Mart has been tackling rising costs in the past year, particularly for energy and health care. Over the past year its shares have fallen by about 12%.




SEE ALSO:
Wal-Mart is labelled 'bad for US'
01 Dec 05 |  Business
Back to school sales aid Wal-Mart
14 Nov 05 |  Business
Wal-Mart calls for higher wages
26 Oct 05 |  Business
Wal-Mart to help boost diversity
19 Oct 05 |  Business
Wal-Mart hit by 'sweatshop' claim
13 Sep 05 |  Business
When size matters at Wal-Mart
15 Feb 05 |  Business


RELATED INTERNET LINKS:
The BBC is not responsible for the content of external internet sites


PRODUCTS AND SERVICES

Americas Africa Europe Middle East South Asia Asia Pacific