Investment Properties Mexico
Toll Free USA/Canada (866) 751-7955
 

Read. Learn. Invest. Grow

Mexican Construction Firm's Earnings Surge

12 September, 2012

Mexico's largest construction firm,ICA,reported strong growth in its second
quarter earning report,last week.

The company saw a 48 percent surge in
sales off the back of some massive infrastructure projects.

Their
earnings reached $22 million between April and June 2009,compared with $4
million for the same period in 2008.

Alonso Quintana,ICA's Chief
Financial Officer,said in a conference call that he believes the company's
business strategy will continue to offer more opportunities for profitable
growth.

ICA specializes in building infrastructure and housing. It is the
largest engineering,procurement and construction company in
Mexico.

Their principal lines of business are civil construction,
industrial construction,infrastructure and housing.

The bulk of their
operations are in Mexico,but they also have business in Central America and
Europe.

At the close of the New York Stock Exchange last night,their
shares were trading at $7.12,up 6.3 percent since the beginning of
2009.

The company has both private and public clients in the sector of Mexico real estate.

Like this story? Like Investment Properties Mexico on Facebook.

Comments