America Movil Q3 sales up 4.5%, profit jumps on forex gains

Friday 26 October 2012 | 08:47 CET | News
America Movil reported third-quarter revenues of MXN 193 billion, up 4.5 percent from a year earlier as a stronger peso held back growth. At constant exchange rates, service revenues increased 6.1 percent year-on-year, driven by mobile data and pay-TV revenues. EBITDA rose 0.6 percent to MXN 66 billion, giving a margin of 34.4 percent. Thanks to a foreign exchange gain of MXN 9.0 billion, net profit jumped 67 percent to MXN 30.6 billion or MXN 0.40 per share. Results include the recently acquired stake in KPN, accounted for by the equity method. The operator finished September with a total

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Categories: General
Companies: America Movil
Countries: Latin America
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