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America Movil Q4 losses widen on weaker peso, underlying revenue higher

2018-02-14 08:22:00| Telecompaper Headlines

(Telecompaper) America Movil saw its net loss nearly double in the fourth quarter, to MXN 11.3 billion from MXN 6.0 billion a year ago. The company was hurt by the depreciation in the Mexican peso versus the US dollar and euro. EBITDA rose 6.8 percent to MXN 70.2 billion, and operating profit was up 10.9 percent to MXN 28.6 billion, supported by improving economic conditions, the company said.

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