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America Movil Q4 sales flat, EBITDA falls 3%

2016-02-10 08:28:00| Telecompaper Headlines

(Telecompaper) America Movil saw its revenue growth slow to 0.6 percent in the fourth quarter of 2015, for a total of MXN 231 billion. Service revenues declined 0.6 percent year-on year at constant exchange rates, in line with the preceding two quarters. Mobile data revenues rose 10.3 percent, fixed data was up 7.9 percent, and pay-TV revenues grew 6.6 percent, helping to offset weakness in some mobile markets. EBITDA fell 2.9 percent to MXN 63.9 billion, while net profit rose six-fold to MXN 15.7 billion, thanks to lower financing costs and forex losses. Net debt rose to MXN 585 billion, or 1.8 times EBITDA, from MXN 537 billion at the end of 2014. AMX proposed a dividend of MXN 0.28 per share, payable in two installments, and said it will also buy back up to MXN 12 billion of its shares. 

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