MEXICO CITY (Reuters) – Mexican telecommunications giant America Movil on Tuesday said net profit rose to 1.81 billion pesos ($88.7 million) in the first quarter, compared to a loss of 28.9 billion pesos for the same period a year earlier.
The company, which is controlled by the family of Mexican billionaire Carlos Slim, reported revenue of 248.19 billion pesos, about 0.8% less than the same period a year earlier.
($1= 20.4200 pesos at end-March)
(Reporting by Noe Torres and Cassandra Garrison)
