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

Empresas ICA, S.A.B. de C.V. operates as an engineering, procurement, and construction company in Mexico. It engages in various construction and related activities, such as the construction of infrastructure facilities; and industrial, urban, and housing construction. The company involves in the construction of roads, highways, transportation facilities, bridges, dams, hydroelectric plants, tunnels, canals, and airports; and construction, development, and remodeling of multi-storied urban buildings, including office buildings, hotels, multiple-dwelling housing developments, and shopping centers. It also engages in the design, engineering, procurement, construction, and commissioning of manufacturing facilities, such as power plants, chemical plants, petrochemical plants, fertilizer plants, pharmaceutical plants, steel mills, paper mills, drilling platforms, and automobile and cement factories, as well as engages in the sub-soil construction, including the construction of tunnels, underpasses, and retaining walls. In addition, the company develops and markets real estate; constructs, maintains, and operates airports, highways, bridges, and tunnels; and manages and operates water supply systems and solid waste disposal systems under concessions granted by governmental authorities. Additionally, it engages in housing development operations, such as acquiring the land and the permits, and licenses required to build on it; performing and procuring architectural and engineering design; facilitating buyer financing; and constructing and marketing homes. Further, the company offers feasibility studies, conceptual design, engineering, procurement, project and construction management, construction, maintenance, technical site evaluation, and other consulting services. It serves public and private sector clients. The company was founded in 1947 and is based in Mexico City, Mexico.

For the nine months ended 30 September 2006, Empresas ICA SA de CV's sales increased 12% to PS15.28B. Net income also increased 17% to PS348.3M. Revenues reflect increased proceeds from the Company's construction related projects in the Mexican market, partially offset by lower foreign sales. Net income reflects improved gross profit margins, higher financial revenues, and increased monetary gains.