ICA to delay reporting its Unaudited Second Quarter 2016 Earnings Report
July 27 2016 - 6:00PM
Empresas ICA, S.AB. de C.V. (BMV:ICA) (NYSE:ICA),
announced today that it will delay reporting its unaudited second
quarter 2016 results.
The Company will publish its unaudited second
quarter 2016 earnings report by the end of August 2016, in
accordance with Article 45 of the General Provisions Applicable to
Issuers of Securities and Other Securities Market Participants. The
Company has decided to extend the publication date of its financial
reports because it is primarily focused on the operational and
financial restructure process and has been required to devote
a substantial portion of its personnel and administrative
resources, including the personnel of its accounting and financial
reporting organization, to matters relating to its
restructure.
In this regard, the company will focus on
publishing its unaudited second quarter 2016 earnings report no
later than August 25, 2016.
This press release contains projections or other
forward-looking statements related to ICA that reflect ICA’s
current expectations or beliefs concerning future events.
Forward-looking statements involve inherent risks and
uncertainties. We caution you that a number of important factors
could cause actual results to differ materially from the plans,
objectives, expectations, estimates and intentions expressed in
such forward-looking statements. These factors include
cancellations of significant construction projects included in
backlog, material changes in the performance or terms of our
concessions, additional costs incurred in projects under
construction, failure to comply with covenants contained in our
debt agreements, developments in legal proceedings, unanticipated
increases in financing and other costs or the inability to obtain
additional debt or equity financing on attractive terms, changes to
our liquidity, economic and political conditions and government
policies in Mexico or elsewhere, changes in capital markets in
general that may affect policies or attitudes towards lending to
Mexico or Mexican companies, changes in inflation rates, exchange
rates, regulatory developments, customer demand, competition and
tax and other laws affecting ICA’s businesses and other factors set
forth in ICA’s most recent filing on Form 20-F and in any filing or
submission ICA has made with the SEC subsequent to its most recent
filing on Form 20-F. All forward-looking statements are based on
information available to ICA on the date hereof, and ICA assumes no
obligation to update such statements.
Empresas ICA, S.A.B. de C.V., carries out large-scale
civil and industrial construction projects and operates a portfolio
of long-term assets, including airports, toll roads, water systems,
and real estate. Founded in 1947, ICA is listed on the Mexican and
New York Stock exchanges. For more
information, visit ir.ica.mx.
For more information, please contact:
Christianne Ibanez
christianne.ibanez@ica.mx
relacion.inversionistas@ica.mx
+(5255) 5272 9991 x 3607
Pablo García
pablo.garcia@ica.mx
Chief Financial Officer
In the US:
Daniel Wilson, Zemi Communications
+(1212) 689 9560
dbmwilson@zemi.com
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