CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please refer to our Risk Disclosure Statement
Open platformOpen platform

Mexico's America Movil reports third-quarter net profit up 7%

By Reuters News

MEXICO CITY, Oct 20 (Reuters) - Mexican telecoms giant America Movil AMXB.MX on Tuesday said profit in the third quarter rose 7% compared to the year before, yet missed analysts' forecasts.

America Movil, controlled by the family of Mexican billionaire Carlos Slim, reported a net profit of 24.28 billion pesos ($1.34 billion) from revenues that rose from a year earlier to 250.63 billion pesos($13.86 billion).

Analysts polled by LSEG had predicted America Movil would post a dollar-denominated net profit of $1.51 billion from revenues of $14.05 billion.


($1 = 18.0808 Mexican pesos at end-September)

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk