Telint

Due to Taxes, International Firm Telmex Fell 32% On Forex

It is very likely that International company Telmex SAB (TII) will report year-on-year net profit loss of 32% in the first quarter of 2009. The reason for such losses are the losses on US dollar foreign exchange and increase of tax costs for the company.

Telmex Internacianal is an international company, operating in Argentina, Brazil, Peru, Ecuador, Chile, Colombia, and is a company of its parent-company Telefonos de Mexico (TMX).

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