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4 months ago
America Movil's first-quarter profit seen surging on forex changes
April 19, 2017 / 11:31 PM / 4 months ago

America Movil's first-quarter profit seen surging on forex changes

The America Movil logo is seen on the wall of the reception area in the company's corporate offices in Mexico City August 12, 2015.Henry Romero

MEXICO CITY (Reuters) - Mexican billionaire Carlos Slim's America Movil (AMXL.MX) is likely to report a nearly 500 percent jump in first-quarter net profit next week, helped by favorable exchange rates in its key markets, according to a poll of six analysts.

The company is likely to post a profit of 27.27 billion pesos ($1.46 billion) for the January-to-March period, according to an average of six analyst estimates.

Reporting by Noe Torres; Editing by Lisa Shumaker

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