Medellin-based multinational foods conglomerate Grupo Nutresa announced February 24 that its full-year 2016 net profits dipped 7.2% year-on-year, to COP$399.7 billion (US$138 million).
Medellin-based multinational cement giant Cementos Argos announced February 24 that its full-year 2016 net profits dipped 14.5% year-on-year, to COP$420 billion (US$145 million).
Colombia’s national economic statistics agency (DANE) announced February 22 that gross domestic product (PIB in Spanish initials) grew 2% year-on-year in 2016, down from 3.1% in 2015.
Cormagdalena – the Colombian government agency overseeing a proposed dredging project for the Magdalena River – announced February 22 that it had received a letter of intent from PowerChina Limited Colombia (PCLC) that would assume control of the long-stalled project.
Medellin-based electric power producer Celsia reported February 21 that its full-year 2016 earnings before interest, taxes, depreciation and amortization (EBITDA) rose 51% year-on-year, to COP$1.03 trillion (US$357 million) – an all-time-record.
As the late North American philosopher A.B. Johnson once quipped, “mighty oaks from little acorns grow” – which aptly describes the nurturing work of Medellin-based Fundacion Marina Orth (FMO), founded in 2007 by U.S. journalist Maureen (Marina) Orth.
Colombia’s national economic statistical agency -- Departamento Administrativo Nacional de Estadística, DANE -- reported February 14 that its latest monthly manufacturers’ survey (Encuesta Mensual Manufacturera, EMM) shows a strong industrial rebound for full-year 2016.
Colombia’s civil aviation authority (Aeronautica Civil de Colombia, ACC) announced February 13 that Medellin’s international airport (Jose Maria Cordova, JMC) saw 2016 passenger counts jump 11.3% year-on-year, to 7.68 million.
Foreign tourism to Medellin continues to grow at a fast clip, according to latest statistics provided to Medellin Herald from the Medellin Convention & Visitors Bureau.