Carrier America Movil profit up 668 percent in 3Q

first_imgMEXICO CITY (AP) – Mexican telecommunications company America Movil says its profits jumped 66.8 percent in the third quarter from the same period last year, reaching 30.6 billion pesos ($2.4 billion).The telecom giant’s earnings report Thursday says its revenue for the July-August quarter grew 4.5 percent to 192.8 billion pesos (about $15 billion).The company controlled by billionaire Carlos Slim says the appreciation of the Mexican peso led to the sharp increase in profit. America Movil also expanded its cellphone customer base. It says it added 4.1 million mobile subscribers, a 6 percent increase to a total of 255.9 million clients by the end of September.America Movil SA is Latin America’s biggest telecom company. It operates in 18 countries in the Western Hemisphere, including the U.S.(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.) Bottoms up! Enjoy a cold one for International Beer Day Sponsored Stories 3 international destinations to visit in 2019 How Arizona is preparing the leader of the next generation Mary Coyle ice cream to reopen in central Phoenixcenter_img Construction begins on Chandler hospital expansion project Top Stories Check your body, save your life Comments   Share   Former Arizona Rep. Don Shooter shows health improvementlast_img read more