Empresas ICA, S.A.B. de C.V. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported revenues of MXN 11,647 million against MXN 5,504 million a year ago. Operating income was MXN 1,695 million against operating loss of MXN 10,284 million a year ago. Consolidated net loss was MXN 1,826 million against MXN 10,510 million a year ago. Adjusted EBITDA was MXN 2,184 million against adjusted LBITDA of MXN 9,873 million a year ago. LPS was MXN 3.38 against MXN 17.33 a year ago. LPADS was USD 0.92 against USD 4.00 a year ago. The net loss was principally the result of the reduction in Construction segment revenues, allowances for doubtful accounts, asset impairment losses, and the depreciation of the peso against the U.S. dollar. Results were affected by a 66% decrease in civil construction revenues, compared to the same period of 2014. The reduction in revenue was principally the result of a lower volumes of construction work on various projects, the completion of international projects that contributed to results in the fourth quarter of 2014, and the deconsolidation of San Martín effective fourth quarter of 2015.

For the year, the company reported revenues of MXN 39,428 million against MXN 33,229 million a year ago. Operating income was MXN 6,044 million against operating loss of MXN 6,359 million a year ago. Consolidated net loss was MXN 2,086 million against MXN 13,833 million a year ago. Adjusted EBITDA was MXN 7,807 million against adjusted LBITDA of MXN 4,371 million a year ago. LPS was MXN 4.97 against MXN 23.65 a year ago. LPADS was USD 1.35 against USD 5.46 a year ago.