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Roberto Peckham

Medellin-based supermarket and retail chain Grupo Exito announced March 1 that its full-year 2015 consolidated revenues skyrocketed by 219% thanks to recent acquisitions in Brazil, Argentina and Uruguay, in addition to continuing growth in Colombia.


Medellin-based ISA – principal operator of Colombia’s national electric power transmission grid and the “XM’ power trading network,  as well as operating toll-road concessions internationally – announced March 1 that its full-year 2015 net income rose 37.6% year-on-year (y-o-y) to COP701 trillion (US$219 million), an all-time record.


Medellin-based Mineros SA – a 100% Colombian-owned pioneer in novel alluvial mining of gold – on March 1 announced that its net profits for full-year 2015 rose 60.3% year-on-year (y-o-y), to COP72.8 billion (US$22 million), despite a small reduction in total gold produced.


Medellin-based multinational food producer Grupo Nutresa announced February 26 that its full-year 2015 earnings before interest, taxes, depreciation and amortization (EBITDA) rose 16.7% year-on-year, to COP975.5 billion (US$293 million) on sales of COP7.9 trillion (US$2.9 billion), up 22.6%.


Medellin-based multinational cement producer Cementos Argos announced February 24 that its fourth-quarter (4Q) 2015 corporate-wide earnings before interest, taxes, depreciation and amortization (EBIDTA) jumped 123% year-on-year (y-o-y), to COP409 billion (US$123.6 million).


The Chamber of Commerce of Medellin for Antioquia (CCMA in Spanish initials) announced February 23 that it expects the Antioquia departmental economy to grow by about 3.3% this year, down from 3.6% in 2015.


Medellin-based insurance, pension-fund and banking-investor giant Grupo Sura announced February 24 that its full-year 2015 gross income rose 17% year-on-year, to COP8.47 trillion (US$2.6 billion), while net income came-in at COP533 billion (US$165 million).


New York’s world-famous Mount Sinai Hospital announced February 18 that it has finalized a “clinical alliance” deal with Medellin-based San Vicente Fundacion (SVF), aiming to “transform access to health care for communities within Latin America.”


The latest annual “joint industrial opinion survey” (JIOS) organized by Medellin-based Andi (Colombia’s national industrial trade association) shows that Colombia’s industrial sector continued to grow in 2015 despite the global oil-price crash that has crippled its oil-dependent neighbors.


Toronto-based Continental Gold announced February 10 that a new Colombia Constitutional Court ruling that bans mining in the high-elevation “paramo” wetlands won’t affect its big gold-mining development project in Buritica, Antioquia.


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About Medellin Herald

Medellin Herald is a locally produced, English-language news and advisory service uniquely focused upon a more-mature audience of visitors, investors, conference and trade-show attendees, property buyers, expats, retirees, volunteers and nature lovers.

U.S. native Roberto Peckham, who founded Medellin Herald in 2015, has been residing in metro Medellin since 2005 and has traveled regularly and extensively throughout Colombia since 1981.

Medellin Herald welcomes your editorial contributions, comments and story-idea suggestions. Send us a message using the "contact" section.

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