October 17, 2018 / 2:32 PM / a month ago

Mexico's America Movil says will increase shareholder returns

MEXICO CITY, Oct 17 (Reuters) - Mexican telecommunications giant America Movil expects to increase its returns to shareholders when it meets its target for leverage, Chief Financial Officer Carlos Garcia Moreno said during a call with analysts on Wednesday.

The company, which is controlled by the family of Mexican billionaire Carlos Slim, reported a net profit of 18.96 billion pesos ($1 billion) for the third quarter on Tuesday. (Reporting by Julia Love and Sheky Espejo; Editing by Daina Beth Solomon)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below