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Stock Market & Financial Investment News

News Breaks
April 28, 2013
13:44 EDTICAEmpresas ICA reports reports Q1 EP/ADS 9c vs 42c in 1Q12
Reports Q1 revenue Ps. 6,909M, a decrease of 27% from 1Q12. Construction revenue decreased 41% as a result of the transition to new large projects that are just getting underway, while concessions revenues and Airports revenues grew 81% and 12%, respectively.The results for the first quarter of 2013 reflect the transition between the completion of existing large scale projects and the start up of new ones, which reduced Construction revenues and margins. This was partially offset by the strong performance of Concessions, based on the start of operations of four consolidated concessions in late 2012, and continued strong performance from Airports. ICA expects that full year 2013 revenues will rebound and increase an estimated 9% to 12%, compared to 2012. Construction revenue is expected to recover in the second half of the year, while Concessions and Airports are expected to continue their growth dynamic. ICA also expects to generate an Adjusted EBITDA margin approximately equivalent to 2012, and be in the range of 13% to 16%.
News For ICA From The Last 14 Days
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March 18, 2015
08:52 EDTICAEmpresas ICA reconfigures executive structure
Empresas ICA announced organizational and management changes as part of ICA's ongoing leadership transition process. These changes are effective June 1. The Construction division will be reconfigured to focus on public and private third party clients in Mexico, and will be led by Jorge Delgado, currently the most senior manager in the Construction division. The International division will manage all construction projects for international clients and oversee international affiliates. Rubén López, head of International business development, will head this division. The reconfigured Concessions division will integrate all phases of the infrastructure concessions life cycle, including construction, management and operation, as well as capital recycling transactions. Victor Bravo, currently CFO, will head this division. Gabriel de la Concha will become CFO. Luis Horcasitas and Carlos Mendez, current leaders of the Construction and Concessions divisions, respectively, will now become Executive VPs, advising the CEO and Executive Committee.

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