Mexico's America Movil 2Q Net Up 28% To MXN22.5 Bln

MEXICO CITY (Dow Jones)--America Movil SAB (AMX), Latin America's largest mobile operator, said Tuesday that its net profit jumped 28% in the second quarter thanks to higher sales and hefty foreign exchange gains.

Net profit rose to 22.5 billion pesos ($1.69 billion), or MXN0.69 per local L share, from MXN17.7 billion, or MXN0.51 per share, in the second quarter of 2008, the company said in a filing with the Mexican Stock Exchange.

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