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America Movil posts fall in Q2 revenues, EBITDA

2015-07-17 08:33:00| Telecompaper Headlines

(Telecompaper) America Movil reported second-quarter revenues down 0.1 percent to MXN 220 billion, hurt by weak results in its home market Mexico, the economic slowdown in its largest market Brazil and currency effects. EBITDA fell 5.0 percent to MXN 68.3 billion pesos, and the EBITDA margin declined from 32.6 percent to 31.1 percent. At constant exchange rates, service revenues were down 0.5 percent in the period, and EBITDA fell 3.1 percent. Operating profit was still up 2.2 percent to MXN 36.3 billion, helped by lower depreciation, amortisation and impairment charges. While the company recorded a 24 percent drop in financing costs, increased losses from its affiliates in Europe (Telekom Austria and KPN) led to a 16 percent fall in net profit to MXN 14.0 billion. Over the first half of the year, America Movil's capital expenditures reached MXN 70.9 billion, and it also spent MXN 23.1 billion on share buybacks. 

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Sensex posts biggest fall this year, dips 538 pts

2014-12-16 15:23:57| Automakers - Topix.net

Murthy has been endorsed by over 100 health organizations like American College of Physicians, American Heart Association and American Diabetes Association. Tata Motors eyes to capture the Indian market with the new Bolt.

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Sinopec posts 12 pct fall in Q3 profits, but beats forecasts

2014-10-31 06:06:57| Oil & Gas - Topix.net

Asia's largest oil refiner Sinopec Corp posted on Thursday a 12 percent fall in third-quarter net profit, partly because of lower international crude prices, weaker refining profits and slowing Chinese demand. Net profit at Sinopec fell to 19.3 billion yuan from 22.0 billion yuan a year earlier, Sinopec said in a filing with the Shanghai bourse.

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JPMorgan posts sharp fall in profits

2014-04-11 14:54:19| BBC News | Business | UK Edition

US banking giant JPMorgan has reported a sharp fall in profits at the start of 2014, which it has blamed on its mortgage business.

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UK: Nichols posts FY profits fall as one-off costs bite

2014-03-13 13:04:00| Daily beverage news and comment - from just-drinks.com

UK soft drinks maker Nichols has posted a slight rise in full-year sales but profits dropped because of costs over a structural shake-up and a legal tussle in Pakistan.

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