April 29, 2019 / 11:04 PM / 6 months ago

Mexico's America Movil reports 3.6 percent jump in net profit

MEXICO CITY, April 29 (Reuters) - America Movil, the telecommunications giant of Mexican billionaire Carlos Slim, reported a first-quarter net profit of 19.44 billion pesos ($1 billion) on Monday, up 3.6 percent from the year-ago period and exceeding analysts’ expectations.

The company’s revenue dipped by 3.1 percent to 245.7 billion pesos, hampered the weakening of the Mexican peso against the dollar.

$1 = 19.4120 pesos at end-March Reporting by Mexico City Newsroom

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