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2016-10-27

Empresas ICA, S.A.B. de C.V.: ICA to delay reporting its Unaudited Third Quarter 2016 Earnings Report

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

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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

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