UPDATE 1-Mexico's America Movil posts 31% drop in Q3 net profit [Reuters]
America Movil, S.A.B. de C.V. American Depositary Shares (each representing the right to receive twenty (20) Series B Shares (AMX)
Last america movil, s.a.b. de c.v. american depositary shares (each representing the right to receive twenty (20) series b shares earnings: 4/29 04:01 pm
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Source: Reuters
Mexico's America Movil posts 31% drop in third-quarter net profit MEXICO CITY (Reuters) - America Movil ( AMXL.MX The company controlled by the family of Mexican billionaire Carlos Slim posted total revenue of 248.43 billion pesos, up from 247.94 billion pesos in the year-ago quarter. The company said its results were hit by financing costs of 12.4 billion pesos stemming from the weakening of currencies in Argentina and Colombia against the dollar. In Argentina, which is in the throes of another economic crisis, America Movil’s revenues shrank 7.9%. The company said it waged a campaign to slash costs and expenses to remain profitable. Reporting by Julia Love; additional reporting by Noe Torres; editing by Anthony Esposito and Richard Chang Our Standards: The Thomson Reuters Trust Principles.
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