America Movil third-quarter profit nearly halves

MEXICO CITY Thu Oct 24, 2013 5:15pm EDT

MEXICO CITY Oct 24 (Reuters) - Latin America's biggest phone company America Movil on Thursday said its third-quarter profit almost halved.

The company, controlled by billionaire businessman Carlos Slim, said profit in the July-September period fell 46 percent to 16.384 billion pesos ($1.25 billion) compared to 30.45 billion pesos in the same period a year earlier.