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América Móvil Posts 7% Increase in Third-Quarter Profit

The telecommunications company reported net profit of 24.28 billion Mexican pesos ($1.32 billion) for July-September, up 7% from a year earlier. Revenue and operating gains also increased.

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América Móvil's net profit rose 7% in the third quarter, with revenue and operating gains also higher than in the year-earlier period. The telecommunications company reported profit of 24.28 billion Mexican pesos ($1.32 billion) for the July-September period.