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America Movil Q3 net profit dips 16.4% to $766 mln

MEXICO CITY, Oct 19 (Reuters) – Mexican telecommunications large America Movil (AMXL.MX) reported on Tuesday a third-quarter net profit of 15.8 billion pesos ($766 million), down 16.4% from the identical interval a 12 months earlier.

The firm, which is managed by the household of Mexican billionaire Carlos Slim, mentioned income dipped to 253.4 billion pesos, from 260.2 billion pesos in the course of the year-earlier interval. That nonetheless beat the Refinitiv forecast of 244.32 billion pesos.

EBITDA was 87.6 billion pesos, a rise of 1.3% in nominal phrases from a 12 months in the past.

America Movil mentioned it added 4.2 million wi-fi subscribers within the quarter, together with 2.2 million postpaid prospects.

($1= 20.642 pesos at end-September)

Reporting by Noe Torres and Cassandra Garrison; extra reporting by Jake Kincaid; Editing by Richard Pullin

The logo of America Movil is pictured on the wall of a reception area in the company's corporate offices in Mexico City, Mexico, May 18, 2017. REUTERS/Edgard Garrido/File Photo

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