Telecom giant America Movil triples profit overnight—Find out what drove this explosive growth
Telecommunications giant America Movil reported an impressive third-quarter net profit increase, tripling its previous year’s numbers, reaching $339.9 million. The Mexican company attributed its performance boost to favourable exchange rate impacts, as a weaker peso significantly increased its earnings from foreign operations, coupled with reduced financing costs and effective operational streamlining. Revenue for the quarter […]