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General

America Movil grows Q1 net profit 37.5%

Friday 27 April 2012 | 08:49 CET | News
America Movil reported first-quarter revenues up 12.4 percent from a year earlier to MXN 192 billion. Fixed-line revenues grew 7.1 percent and mobile revenues were up 15.8 percent; the latter accounted for 62.5 percent of total revenues. Growth was led by mobile data services (+31%), followed by pay-TV revenues (+25%) and fixed-line data (+9%). EBITDA improved 6.3 percent to MXN 67.5 billion, giving a margin of 35.1 percent. The appreciation of various currencies against the US dollar led to a foreign exchange gain, helping net profit grow 37.5 percent to MXN 32.6 billion. The operator

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Categories: General
Companies: America Movil
Countries: Latin America
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