July 17, 2018 / 10:07 PM / in 3 months

America Movil net profit plummets in second quarter

MEXICO CITY, July 17 (Reuters) - America Movil, Latin America’s largest telecommunications firm by number of subscribers, reported second-quarter net profit of 818 million pesos ($41.2 million), down 94.3 percent from the same period last year.

The company, which is controlled by the family of Mexican billionaire Carlos Slim, reported revenue of 257 billion pesos during the quarter.

$1 = 19.8730 pesos (Reporting by Mexico City Newsroom; Editing by Lisa Shumaker)

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