Mexico's America Movil profit drops 41 pct in 1st-qtr
MEXICO CITY, April 23 (Reuters) - Mexico's America Movil on Thursday reported a 41 percent drop in first-quarter net profit compared to the same period a year earlier, driven by exchange rate losses.
The telecoms company, which is controlled by the family of billionaire Carlos Slim, said profit in the January-March period was 8.227 billion pesos ($539 million), compared to 13.887 billion pesos a year earlier.
($1 = 15.2610 pesos at end March) (Reporting by Christine Murray)
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