Replies to post #70 on Empresas fka ICA

[chmcnfunds]

I have a hard time reconciling all the figures, but this blurb stands out:

"Sustaining the trends shown earlier in the year, ICA generated Adjusted EBITDA of Ps. 1,262 million in the fourth quarter of 2013, an increase of 401% as compared to 4Q12. The Adjusted EBITDA margin was 16.3%. Operating income was Ps. 812 million, as compared to a loss in 4Q12. Revenues in 4Q13 decreased 16% to Ps. 7,729 million, reflecting a lower level of work execution and a slowdown in the construction sector.

For the full year 2013, ICA generated strong increases in operating income and Adjusted EBITDA compared to 2012. The Adjusted EBITDA margin was 16.0%, compared to 9.8% in 2012. The increase in margin reflects the continuing growth of the Concessions business and the transactions for recycling capital, which offset the reduction in construction activity."

Now to get some shares early before the greedy folks start buying.

ICA