America Movil reports net loss of 9.55 billion pesos in third quarter

FAN Editor 6 years ago
FILE PHOTO - The logo of America Movil is pictured on the wall of a reception area in the company's corporate offices in Mexico City
FILE PHOTO – The logo of America Movil is pictured on the wall of a reception area in the company’s corporate offices in Mexico City, Mexico, May 18, 2017. REUTERS/Edgard Garrido/File Photo

October 24, 2017

MEXICO CITY (Reuters) – Mexican billionaire Carlos Slim’s America Movil <AMXL.MX> on Tuesday reported a net loss of 9.55 billion pesos ($525 million) for the third quarter, hampered by the depreciation of the Mexican peso.

The company reported a profit of 2.12 billion pesos in the same quarter a year earlier.

[$1 = 18.1785 pesos]

(Reporting by Julia Love, Noe Torres and Christine Murray)

Leave a Reply

Next Post

Trump administration implements new restrictions on refugee program as ban ends

Tue Oct 24 , 2017
The Trump administration resumed the U.S. refugee program Tuesday after a 120-day ban, but there will be new restrictions on admissions going forward. After the four-month review, the administration enhanced vetting for all refugee applicants and determined that an additional 90-day review was needed for 11 countries. However, individuals from […]

You May Like