The largest retailer of the world, Wall-Mart has reported profits of 3.6% in the second quarter even after facing fall in sales in its home US market for fifth consecutive quarter.

The profits of Wall-Mart have risen up to 3.6 billion dollars boosted by growth in global market and cost cutting. But the retailer Wall-Mart is still aware of the fact that the slow global economic recovery would continue to harm the sales of the firm.

AT the same time period Asda, the UK supermarket chain which is owned by Wall-Mart has reported a drop of 0.4% in its quarterly sales. The second biggest supermarket chain in the UK, Asda has seen drop is its sales for the second consecutive quarter.

The Asda saw its first drop of 0.3% in sales in the first quarter of 2010 after four years of profits. The chief executive and president of Wall-Mart International, Doug McMillion has said the trade conditions of UK were expected to remain tough in next few quarter.

According to him, the drop in sales was caused by the increased taxes and cuts in the government spending.