je.st
news
America Movil grows net profit 15.7% in Q4
2014-02-12 08:44:00| Telecompaper Headlines
(Telecompaper) America Movil reported fourth-quarter net profit of MXN 17.2 billion, up 15.7 percent from a year earlier. The result included a charge of MXN 10.2 billion for foreign exchange losses. EBITDA improved 1.4 percent to MXN 63.5 billion, and revenues were up 3.1 percent to MXN 204 billion. Excluding exchange rate effects, EBITDA rose 5.7 percent and revenues rose 7.8 percent, with a 5.4 percent increase in service revenues. The main growth drivers were mobile data and pay-TV, which grew at constant rates by 18.8 and 21.8 percent respectively. America Movil finished the year 339 million revenue-generating units, up 4.2 percent from 2012. In the fourth quarter alone, the company added 4.8 million mobile customers and 1.2 million RGUs at its fixed-line businesses. This gave it a total 270 million mobile users and 69 million fixed RGUs at the end of 2013. The company's net debt increased over the year from MXN 372 billion to MXN 447 billion, equal to 1.7 times EBITDA. This helped fund MXN 130 billion in capital expenditure, MXN 86.5 billion in shareholder returns and MXN 15.4 billion on acquisitions last year.
Tags: net
america
profit
grows
Category:Telecommunications