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General

America Movil returns to organic EBITDA growth in Q1

Wednesday 26 April 2017 | 08:22 CET | News
America Movil reported a return to EBITDA growth in the first quarter, its first in eight quarters. EBITDA rose 1.5 percent at constant exchange rates, driven by a 3.1 percent increase in service revenue. The company attributed the growth to strong results in Mexico and Colombia, but said the recovery was broad based. On a reported basis, revenues rose 18.5 percent to MXN 264 billion, and EBITDA was up 15.8 percent to MXN 7.2 billion, giving a margin down slightly to 27.1 percent. Foreign exchange gains also contributed to a sharp rise in net profit, to MXN 35.9 billion from MXN 4.8 billion a

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Categories: General
Companies: America Movil
Countries: Latin America
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