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General

America Movil Q4 sales flat, EBITDA falls 3%

Wednesday 10 February 2016 | 08:28 CET | News
America Movil saw its revenue growth slow to 0.6 percent in the fourth quarter of 2015, for a total of MXN 231 billion. Service revenues declined 0.6 percent year-on year at constant exchange rates, in line with the preceding two quarters. Mobile data revenues rose 10.3 percent, fixed data was up 7.9 percent, and pay-TV revenues grew 6.6 percent, helping to offset weakness in some mobile markets. EBITDA fell 2.9 percent to MXN 63.9 billion, while net profit rose six-fold to MXN 15.7 billion, thanks to lower financing costs and forex losses. Net debt rose to MXN 585 billion, or 1.8 times

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Categories: General
Companies: America Movil
Countries: Latin America
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