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General

America Movil net profit falls 42% in Q1

Thursday 28 April 2016 | 11:01 CET | News
America Movil reported a drop in first-quarter results, hurt by currency effects and the economic slowdown in Latin America. Revenues of MXN 223 billion were up just 1.4 percent year-on-year. Service revenues increased 0.3 percent in local currency and declined 1.1 percent at constant exchange rates. Fixed-broadband and pay-TV revenues led the growth, increasing 7.9 percent and 5.9 percent at constant exchange rates. EBITDA of MXN 61.7 billion was down 9.6 percent in local currency and 8.8 percent lower at constant exchange rates. Operating profit fell 25.6 percent in local currency terms,

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Categories: General
Companies: America Movil
Countries: Latin America
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