America Movil improves underlying results in Q3

Friday 28 October 2016 | 08:02 CET | News
America Movil reported an improvement in underlying third-quarter results, saying service revenues were stable year-on-year excluding currency effects compared to an annual decline in the previous quarter. Total revenues rose 11.8 percent to MXN 250 billion and were up 3.1 percent at constant exchange rates. EBITDA improved 1.5 percent to MXN 67.7 billion and fell 5.4 percent excluding forex effects, less than the 13.2 percent reduction in the prior quarter. The operator's net result improved to a profit of MXN 2.1 billion from a loss of MXN 2.9 billion a year ago.

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Categories: General
Companies: America Movil
Countries: Latin America
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