Mexico's ICA posts 31 pct fall in third-qtr profit

Reuters

MEXICO CITY, Oct 25 (Reuters) - Mexican construction companyICA on Friday reported a 31.3 percent drop inthird-quarter profit, which was dragged down by currencyfluctuations.

ICA reported a profit of 240.7 million pesos ($18.3 million), compared to a profit of 350.5 million pesos in theyear-earlier period.

The company said it lost 247 million pesos in currencyfluctuations, a figure only partially compensated for byinterest payment savings.

ICA said revenues over the quarter fell 10.2 percent to 8.4billion pesos.

Shares in the company were up 1.18 percent at 24.82 pesosbefore the results were announced.

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