MEXICO CITY, Oct 20 (Reuters) - Mexican telecommunications
giant America Movil on Tuesday said its net profit
jumped nearly 45% in the third quarter, boosted by relaxed
coronavirus lockdown measures across its key markets.
The company, which is controlled by the family of Mexican
billionaire Carlos Slim, also reported sales of 260.2 billion
pesos, up 4.7% from the same quarter last year.
Its net profit rose to 18.86 billion Mexican pesos ($853.2
million) from 13 billion pesos a year before.
Earnings before interest, tax, depreciation and amortization
(EBITDA) grew 10.1% in peso terms during the July to September
period, beating analyst estimates.
"The third quarter saw a rebound in economic activity in
most countries in our region of operation and little of the
volatility that was present in the prior two quarters," the
company said in a statement.
America Movil's base of postpaid customers grew 5.7%, led by
Brazil and followed by Austria and Colombia.
In the core market of Mexico, the company made up for lost
customers in the second quarter, adding 1.2 million wireless
subscribers, mostly prepaid clients.
($1= 22.1050 pesos at end-September)
(Reporting by Daina Beth Solomon and Noe Torres; Editing by Sam