America Movil net profit plummets in second quarter

FILE PHOTO: The logo of America Movill is seen on a wall at the company's corporate offices in Mexico City, Mexico March 14, 2018. REUTERS/Carlos Jasso/File Photo

MEXICO CITY (Reuters) – America Movil, Latin America’s largest telecommunications firm by number of subscribers, reported second-quarter net profit of 818 million pesos ($41.2 million), down 94.3 percent from the same period last year.

  • FILE PHOTO: The logo of America Movill is seen on a wall at the company’s corporate offices in Mexico City, Mexico March 14, 2018. REUTERS/Carlos Jasso/File Photo
  • The company, which is controlled by the family of Mexican billionaire Carlos Slim, reported revenue of 257 billion pesos during the quarter.

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