America Movil Reports More Than 300% Rise in Q4 Profit as Financing Costs Fall
America Movil said fourth-quarter net profit surged to 19.13 billion pesos on revenues of 244.9 billion pesos, driven in part by a substantial reduction in financing costs compared with the prior year. EBITDA came in at 94.93 billion pesos, slightly above analyst expectations. The company reported significant mobile subscriber additions led by Braz…