ICA to delay reporting its Unaudited Third Quarter 2016 Earnings Report
October 27 2016 - 4:30PM
MEXICO CITY, Oct. 27, 2016 (GLOBE
NEWSWIRE) -- Empresas ICA, S.A.B. de
C.V. (BMV:ICA), announced today that it will delay
reporting its unaudited third quarter 2016 results.
The Company will publish its
unaudited third quarter 2016 earnings report by the end of November
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 third quarter 2016 earnings
report no later than November 28, 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 Ibañez
christianne.ibanez@ica.mx
Pablo García
pablo.garcia@ica.mx
Chief Financial Officer
relacion.inversionistas@ica.mx
+(5255) 5272 9991 x 3607
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Empresas ICA, S.A.B. de C.V. via
Globenewswire
Empresas Ica Soc Con (NYSE:ICA)
Historical Stock Chart
From Aug 2024 to Sep 2024
Empresas Ica Soc Con (NYSE:ICA)
Historical Stock Chart
From Sep 2023 to Sep 2024