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TELMEX RELEASES EARNINGS FOR FIRST SIX MONTHS, 1992

 TELMEX RELEASES EARNINGS FOR FIRST SIX MONTHS, 1992
 MEXICO CITY, July 27 /PRNewswire/ -- Telefonos de Mexico, S.A. de


C.V. (NYSE: TMX) ("Telmex"), the Mexican telephone company, today released its results for the six months ended June 30, 1992. Telmex reported consolidated operating revenues of 9,777 billion pesos, consolidated operating income of 4,297 billion pesos, and consolidated net income of 3,638 billion pesos. These figures were prepared in accordance with Mexican generally accepted accounting principles and stated in constant pesos as of June 30, 1992. They represent real increases, after adjustment for inflation, of 15.9 percent, 12.7 percent and 5.4 percent, respectively over the first six months of 1991.
 The increase in operating expenses was attributable in part to additional 1992 costs for pension fund contributions and provisions for obsolete inventory. In the absence of these items, operating income for the first six months of the year would have been up 22 percent over the comparable period in 1991. Net income for the period also reflected an exchange loss in the second quarter on foreign-currency indebtedness, and a reduced level of inflationary gains due to lower indebtedness and a lower rate of inflation.
 During the first six months of 1992 Telmex added 326 thousand access lines, raising the total number of lines in service to 6.35 million, up 13.8 percent over June 30, 1991.
 -0- 7/27/92
 /CONTACT: Carlos Revolledo, 525-222-5915 or Teresa Currielche, 525-703-3990, both of Telmex/
 (TMX) CO: Telefonos de Mexico ST: IN: SU: ERN


TM-AH -- NY120 -- 3751 07/27/92 20:00 EDT
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Publication:PR Newswire
Date:Jul 27, 1992
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