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America Movil 1st-qtr profit drops more than 40 pct
April 27, 2016 / 10:52 PM / in 2 years

America Movil 1st-qtr profit drops more than 40 pct

MEXICO CITY, April 27 (Reuters) - Mexico’s America Movil on Wednesday reported a drop in first-quarter net profit compared with the same period a year earlier.

The telecoms company, which is controlled by the family of billionaire Carlos Slim, said profit in the January-March period was 4.798 billion pesos ($278 million), compared with 8.227 billion pesos a year earlier. (Reporting by Christine Murray)

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