Friday, July 27, 2012

Forex loss dents America Movil’s profit in 2Q12

Latin American telecoms giant America Movil (AM) has revealed that, on the back of comprehensive financing costs that increased more than six-fold year-on-year, net profit for the three months ended 30 June 2012 totalled MXN13.252 billion (USD993 million), representing a 45.5% decline against the same period a year earlier.


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OVETEL Forex loss dents America Movil’s profit in 2Q12

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