America Movil profits fall in Q2

Friday 29 July 2016 | 12:58 CET | News
America Movil reported a fall in underlying second-quarter results, hurt by the economic slowdown in Brazil and increased competition in the Mexican mobile market. Revenues rose 6.1 percent from the year-earlier quarter to MXN 233 billion, with service revenues increasing 3.2 percent, reflecting the appreciation of several currencies versus the Mexican peso. At constant exchange rates, service revenues were down 2.1 percent year-on-year. EBITDA fell 10.7 percent to MXN 61 billion and was down 13.2 percent at constant exchange rates. Net profit plunged 45.2 percent to MXN 7.7 billion. The

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Categories: General
Companies: America Movil
Countries: Latin America
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