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América Móvil with a profit of 1,023 million dollars in the first quarter

Mexico, .- The telecommunications company América Móvil, of the Mexican billionaire Carlos Slim, reported Monday net profits of 19,443 million pesos (1,023 million dollars) in the first quarter of 2019, 3.6% higher than that of the same period of the previous year.

Operating income for January-March 2019 reached 35,386 million pesos (1,862.4 million dollars), 15.6% more than the 30,595 million pesos (1,610.2 million dollars) of the same period of 2018 .

In the first quarter of the year, América Móvil had an integral financing cost of 1,188 million pesos (62.5 million dollars), a figure that contrasts with the 913 million pesos (48 million dollars) of loss recorded in the same period of the previous year.

Total revenues for the January-March period of this year totaled 245,653 million pesos (12,929 million dollars), a decrease of 3.1% compared with year-over-year, the telecommunications company said.

Ebitda (gross adjusted operating income) for the first quarter of the year was 75,048 million pesos (3,949.8 million dollars) under the new International Financial Reporting Standard (IFRS 16), América Móvil said.

The company explained that with the previous methodology, Ebitda would have been 68,000 million pesos (3,578.9 million dollars) and would have decreased 5.6% year-on-year in Mexican pesos and increased 2.6% at exchange rates. constant.

Until March 31, América Móvil’s net debt was 703,000 million pesos (37,000 million dollars).
In the quarter, América Móvil entered into an agreement to buy 100% of Nextel Brasil for 905 million dollars, an acquisition that is subject to the approval of the telecommunications regulator and the antitrust authority.

At the end of March, América Móvil had 277,425 million subscribers of mobile lines, a 0.6% increase compared to the end of 2018, and 84.4 million fixed lines. (EFE)

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