logo
Plus   Neg
Share
Email

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 RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Member of Congress have reportedly been told President Donald Trump's administration has reached an agreement to put Chinese telecom giant ZTE Corp. back in business. Reports from the New York Times and Reuters said the deal brokered by the Commerce Department would require ZTE to pay a substantial... Delta Air Lines will resume non-stop flights between the U.S. and India next year, almost a decade after it exited the Indian market. The airline said Thursday that its decision to resume non-stop flights from the U.S. to India follows agreements between the U.S. and the governments of the United Arab Emirates and Qatar to address the issue of government subsidies provided to state-owned carriers. Mortgage rates continued their upward trend this week and hit a seven-year high, even as housing demand remained robust. According to data released Thursday by mortgage finance provider Freddie Mac, the 30-year fixed-rate mortgage rose to 4.66 percent in the week ending May 24, from 4.61 percent in the prior week and 3.95 percent a year ago. This is also the highest level since May 5, 2011.
Follow RTT