February 12, 2020 / 2:17 AM / 12 days ago

America Movil posts 63% jump in fourth-quarter net profit

MEXICO CITY, Feb 11 (Reuters) - America Movil, the Mexican telecommunications giant, on Tuesday reported a fourth-quarter net profit of 21.19 billion pesos ($1.12 billion), up 63% from the same period last year.

The company, which is controlled by the family of Mexican billionaire Carlos Slim, posted total revenue of 263.19 billion pesos in the quarter. ($1 = 18.886 pesos at end-December) (Reporting by Julia Love; Editing by Daina Beth Solomon)

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