April 24, 2018 / 10:40 PM / 7 months ago

America Movil reports Q1 net profit fell 50 pct

MEXICO CITY, April 24 (Reuters) - America Movil, Mexico’s largest wireless carrier said on Tuesday that its net profit fell nearly 50 percent in the first quarter to 18.087 billion pesos ($988 million).

The telecommunications company, which is controlled by the family of Mexican billionaire Carlos Slim, registered a net profit of 35.85 billion pesos in the same quarter a year earlier.

$1= 18.303 pesos on March 31 Reporting by Mexico City Newsroom

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