July 14, 2020 / 8:48 PM / a month ago

America Movil posts jump in second-quarter net profit

FILE PHOTO: The logo of America Movill is seen on the wall at the company's corporate offices in Mexico City, Mexico March 14, 2018. REUTERS/Carlos Jasso

MEXICO CITY (Reuters) - America Movil’s net profit rose to 20.1 billion pesos ($873.8 million) in the second quarter from 14.9 billion pesos in the same period last year, the Mexican telecoms company reported on Tuesday.

The company, which is controlled by the family of Mexican billionaire Carlos Slim, reported sales of 251.6 billion pesos.

Reporting by Mexico City Newsroom

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