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Mexican telecoms giant America Movil swings to profit in Q2

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MEXICO CITY (Reuters) -Mexican telecommunications giant America Movil on Tuesday reported a swing to a net profit in the second quarter compared to the same period in 2024, reaching 22.28 billion pesos ($1.19 billion).

Revenues of the company, controlled by the family of Mexican billionaire Carlos Slim, came in at 233.79 billion pesos for the period, up 14% year on year.

($1 = 18.7654 pesos at end-June)

(Reporting by Sarah Morland and Kylie Madry; Editing by Natalia Siniawski)

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