28 de noviembre de 2016 / 13:42 / en un año

Mexican construction firm ICA's loss doubles in third quarter

MEXICO CITY, Nov 28 (Reuters) - ICA, Mexico’s cash-strapped construction firm, nearly doubled its loss in the third quarter compared with the same period last year, it said on Monday.

ICA, struggling under a high dollar-denominated debt load, recorded a loss of 4.97 billion pesos ($256.4 million) in the July to September period, 98 percent bigger than the 2.507 billion peso loss it posted last year.

The company, which is in the process of restructuring its debt, said revenue fell 35 percent to 5.06 billion pesos from 7.739 billion last year. ($1 = 19.382 Mexican pesos at the end of September) (Reporting by Alexandra Alper; Editing by Jeffrey Benkoe)

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