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America Movil's first-quarter profit seen surging on forex changes
April 19, 2017 / 11:31 PM / 7 months ago

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

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

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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