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General

America Movil revenues flat in Q4, net profit surges to MXN 21 bln

Wednesday 12 February 2020 | 16:01 CET | News
America Movil reported revenues of MXN 263 billion in the final quarter of 2019, flat year on year following the previous quarter's return to growth due mostly to the appreciation of the Mexican peso. However, the operator was keen to stress that underlying service revenue growth, excluding forex effects, accelerated to 3.2 percent from 2.5 percent in the previous quarter thanks above all to rising mobile revenues in Brazil (+15.6%), Colombia (+8.5%) and Mexico (+7.6%).

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Categories: General
Companies: America Movil
Countries: Latin America
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