logo
Share SHARE
FONT-SIZE Plus   Neg

Empresas ICA Profit Falls - Quick Facts

Empresas ICA S.A.B. de C.V. (ICA), the largest infrastructure company in Mexico, Friday reported first-quarter net income attributable to controlling interest of 161 million pesos or 0.21 pesos per share. This compares with net income of 821 million pesos or 1.36 pesos per share reported a year earlier.

On a per American Depositary Share, or ADS basis, earnings for the quarter were $0.09, compared to $0.42 a year ago.

Revenues for the quarter slid 27 percent to 6.9 billion pesos from 9.5 billion pesos in the prior year.

For fiscal year 2013, ICA expects revenues to rebound and increase 9 to 12 percent from 2012 level. Construction revenue is expected to recover in the second half of the year, while Concessions and Airports are expected to continue their growth.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
United Parcel Service, Inc. has started to test the use of drones to make commercial deliveries of packages to remote or difficult-to-access locations. On Thursday, the package delivery giant and drone-maker CyPhy Works staged a mock delivery of urgently needed medicine from Beverly, Massachusetts to Children's Island, which is about three miles off the Atlantic coast. Luxury electric car maker Tesla Motors Inc. (TSLA), Thursday filed a lawsuit against state officials over its right to sell vehicles directly to consumers in Michigan. The lawsuit has been filed against Governor Rick Snyder, Secretary of State Ruth Johnson and Attorney General Bill Schuette as defendants. Tesla... e.l.f. Beauty (ELF), a maker of cosmetic products, priced its initial public offering above its target range and raised about $141 million. The Oakland-based company opened sharply up on Thursday's trading on the New York Stock Exchange. The company said it sold about 8.3 million shares at $17 in...
comments powered by Disqus
Follow RTT