Mexico's America Movil posts lower first-quarter profit

MEXICO CITY, April 18 Thu Apr 18, 2013 6:08pm EDT

MEXICO CITY, April 18 (Reuters) - America Movil, Latin America's biggest phone company, on Thursday reported a 17 percent drop in first-quarter profit.

The company, owned by the world's richest man Carlos Slim, said first-quarter profit slipped to 26.87 billion pesos ($2.18 billion) from 32.53 billion pesos a year ago.

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