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Empresas ICA Profit Falls - Quick Facts

Empresas ICA S.A.B. de C.V. (ICA: Quote), 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

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