Mexican telecoms giant America Movil posts 48% dip in fourth-quarter profit
ReutersFeb 11, 2025 9:31 PM
MEXICO CITY, Feb 11 (Reuters) - Mexican telecommunications giant America Movil AMXB.MX on Tuesday reported a 48% fall in its fourth-quarter net profit compared to the same period in 2023, reaching 9.48 billion pesos ($453 million), even as revenues rose.
Revenues of the company, controlled by the family of Mexican billionaire Carlos Slim, came in at 236.94 billion pesos for the period, up 18% year on year.
($1 = 20.8829 Mexican pesos at end-December)
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