(Adds figures on financing and exchange-rate costs)
MEXICO CITY, July 21 America Movil said on
Monday that its profit in the second quarter rose 32.7 percent
from a year earlier on lower financial and exchange-rate costs
but missed analysts' expectations.
The telecommunications company , controlled
by the world's richest man Carlos Slim, said that profit rose to
18.83 billion pesos ($1.45 billion) from 14.19 billion pesos in
the April-June period last year.
America Movil had been expected to report a net profit of
20.74 billion pesos ($1.6 billion), according to a Reuters poll
of five analysts.
Revenue rose 4 percent to 202.63 billion pesos.
The company had a net exchange-rate gain of 3.08 billion
pesos in the quarter, helped by a stronger peso. This compared
with currency losses of nearly 24 billion pesos in the same
quarter last year.
Net financing costs fell 34.3 percent, despite higher
interest payments on debt, the company said.
($1 at end of June = 12.9865 pesos)
(Reporting by Christine Murray and Gabriel Stargardter; Editing
by Jan Paschal)