America Movil reports first quarter net profit fell 50 percent
MEXICO CITY (Reuters) - America Movil, Mexico’s largest wireless carrier said on Tuesday that its net profit fell nearly 50 percent in the first quarter to 18.087 billion pesos ($988 million).
FILE PHOTO: The logo of America Movill is seen on the wall at the company's corporate offices in Mexico City, Mexico March 14, 2018. REUTERS/Carlos Jasso/File Photo
The telecommunications company, which is controlled by the family of Mexican billionaire Carlos Slim, registered a net profit of 35.85 billion pesos in the same quarter a year earlier.