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America Movil swings to profit in third quarter

Friday, October 28, 2016

Mexican telecoms company America Movil said it swung to a profit in the third quarter, thanks to stronger data revenues and lower foreign exchange losses.

The company, controlled by the family of billionaire Carlos Slim, reported a third-quarter profit of $110 million, compared with a loss of $130 million in the same period last year.

Source: Reuters