Telmex Profit Up

Telmex, controlled by Mexican billionaire Carlos Slim, reported a profit of $606 million in the second quarter as profit margins rose to 16.3 percent from 14.5 percent a year earlier. Total sales were up 27 percent to $3.65 billion. The company has been acquiring telecoms firms in Argentina, Brazil, Chile, Colombia and Peru and reported increased sales in all those countries.