América Móvil profit seen falling 29 percent in second quarter

Carlos Slim's company is likely on Thursday to report a 29 percent fall in second-quarter net profit, hurt by exchange rate losses.

(Photo: Reuters)
English 22/07/2016 15:35 Reuters Actualizada 15:35

Carlos Slim's América Móvil is likely on Thursday to report a 29 percent fall in second-quarter net profit, hurt by exchange rate losses, analysts predict.

The company is likely to report a profit of 10.027 billion pesos (US$549 million) for the April to June period, according to an average of five analyst estimates.

The Mexican peso lost nearly 6 percent of its value in the period against the dollar, amid worries over Britain's vote to exit the European Union.

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