Key Points
MEXICO CITY (Reuters) -Mexican telecommunications giant America Movil on Tuesday posted an 31.7% increase in its fourth-quarter net profit, landing at 18.062 billion pesos ($1.065 billion)...
The company, controlled by the family of Mexican billionaire Carlos Slim, reported revenues of 200.713 billion pesos ($11.83 billion), down 7.1% from a year earlier...
Citing hyper inflation in Argentina, the company gave comparisons excluding the South American country, which reflected a fourth-quarter revenue decrease of 2.5% to 204.4 billion pesos, compared to the same quarter a year ago, due to the appreciation of the Mexican pesos against other currencies...
In a filing to Mexicos stock exchange, America Movil said its core earnings, or earnings before interest, taxes, depreciation and amortization (EBITDA), fell 3.3% in the quarter to 79.7 billion pesos...
