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
The Justice Department has initiated a probe to find out if airlines are colluding to limit seating capacity in order to benefit from higher airfares. Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud has pledged to give away his entire wealth amounting to $32 billion for charity. He said the fund will be utilized for cultural understanding, develop communities, empower women, enable youth, provide vital disaster relief and create a more tolerant and accepting world. Toyota accepted the resignation of its Chief Communications Officer Julie Hamp, following her arrest in Japan for allegedly mailing banned painkillers to her address in Japan from U.S.
comments powered by Disqus
Follow RTT