America Movil Q4 profits fall on weak peso, mobile losses

Friday 3 February 2017 | 08:23 CET | News
America Movil reported stronger revenue growth in the last quarter of 2016 but profits continued lower. Revenues rose 16.9 percent year-on-year to MXN 269 billion and were up 3.7 percent at constant exchange rates. Service revenues increased 0.7 percent, their best showing in the year, on the back of mobile data revenues up 11.7 percent. EBITDA was up 2.9 percent to MXN 65.7 billion, but fell 8.1 percent at constant exchange rates, and operating profit dropped 20.1 percent to MXN 25.8 billion. After financing costs of MXN 28.2 billion, the net result was a loss of MXN 6.0 billion compared to

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Categories: General
Companies: America Movil
Countries: Latin America
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