Mexico's America Movil posts 25.4 pct drop in 2nd-qtr profit
MEXICO CITY, July 16 (Reuters) - Mexico's America Movil on Thursday reported a 25.4 percent drop in second-quarter net profit compared to the same period a year earlier, hit by a slump in Latin American currencies against the dollar.
The telecoms company, which is controlled by the family of billionaire Carlos Slim, said profit in the April-June period was 14.048 billion pesos ($895 million), compared to 18.833 billion pesos a year earlier.
($1 = 15.695 pesos at end June) (Reporting by Christine Murray)
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