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America Movil's Q1 profits down 42.1% y-o-y
2015-04-24 17:07:00| Telecompaper Headlines
(Telecompaper) America Móvil posted a net profit of MXN 8.2 billion in the first quarter of the year, down 42.1 percent compared to the year-ago period. The operator also generated revenues of MXN 220 billion in the period, climbing 3.1 percent versus the first quarter of 2013. Service revenues grew 0.6 percent to MXN 193.7 billion, and hardware revenues were up 26.3 percent to MXN 26.28 billion. America Movil said growth was led by mobile data and pay-TV services. The operator's EBITDA was down 2.1 percent to MXN 68.2 billion. The EBITDA margin stood at 31 percent of revenues. America Movil said it spent MXN 29.0 billion on capital equipment and MXN 11.4 billion on shareholder distributions in the first quarter.
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