América Móvil profit seen falling 29 percent in second quarter

Carlos Slim's América Móvil is likely on Thursday to report a 29 percent fall in second-quarter net profit, hurt by exchange rate losses, analysts predict.

The company is likely to report a profit of 10.027 billion pesos (US$549 million) for the April to June period, according to an average of five analyst estimates.

The Mexican peso lost nearly 6 percent of its value in the period against the dollar, amid worries over Britain's vote to exit the European Union.