América Móvil, the Mexican telecommunications giant controlled by the magnate Carlos Slim, recorded a net profit of 72.015 billion pesos (3.433 billion euros) between January and September, which represents a year-on-year increase of 13.1%.
In that same period, the revenue reached 728.549 billion pesos (34.732 billion euros), 4.3% more than a year earlier. The service activity generated 617.702 billion pesos (29.447 billion euros), while the sale of equipment contributed 105.498 billion pesos (5.029 billion euros). Additionally, 5.348 billion pesos (255 million euros) were collected from unspecified concepts.
The costs linked to operations, administrative management, and commercial activities increased by 3.4%, reaching 435.980 billion pesos (20.784 billion euros). For its part, the gross operating result (Ebitda) rose by 5.5%, to 292.568 billion pesos (13.947 billion euros).
In the third quarter alone, América Móvil obtained profits of 24.282 billion pesos (1.174 billion euros) and revenues of 250.634 billion pesos (11.948 billion euros), representing increases of 7% and 7.6%, respectively, compared to the same period of the previous year.
As of September 30, the company, with a presence in most of Latin America and also in Austria, totaled 332.4 million mobile lines, 80.3 million fixed lines, and 38.2 million broadband accesses.
"América Móvil's revenues in the third quarter amounted to 251.000 billion pesos [...] Service revenues grew by 7.2%, driving an 8.9% increase in Ebitda, which reached 102.000 billion pesos [4.863 billion euros]," the results sheet explained.
"The Ebitda margin was at 40.8%, slightly above that recorded a year earlier. At constant exchange rates, service revenues increased by 5.3% and Ebitda by 6.7%," the document completed.