Friday 24 February 2012

America Movil to revert losses.

MEXICO CITY, Apr 26, 2005 (Corp Mex - Business Brief/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- Source: Reforma - Negocios

America Movil had positive operational flows in the first three months of 2005, after several quarters with losses in Brazil and Argentina.This was caused by the low costs provoked by an increment of subscribers in both countries.According to whats been informed to the BMV, flow in Brazil was in 34 million dollars and 24 million in Argentina, which contrasts the losses of 75 and 9 million, respectively, of the fourth quarter of 2004.

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