America Movil net profit falls in Q2 on forex losses

Friday 27 July 2012 | 08:35 CET | News
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America Movil reported second-quarter revenues up 9.3 percent from a year earlier to MXN 19.7 billion. Mobile revenues rose 14.1 percent, and fixed-line revenues were up 1.7 percent. Excluding currency effects, revenues rose 6.3 percent year-on-year, led by mobile data and pay-TV, which grew 32 and 23 percent respectively. EBITDA was up 3.1 percent from a year ago to MXN 65.5 billion, while the margin fell to 34.1 percent. Due to foreign exchange losses, America Movil's net profit fell 45.5 percent to MXN 13.3 billion. The operator finished June with a total 251.8 million mobile subscribers,

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Categories: General
Companies: America Movil
Countries: Latin America
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