Companies

Nutresa Full-Year 2021 Profits Rise 17.6% Year-on-Year

Medellin Herald February 25, 2022

Medellin-based multinational foods giant Grupo Nutresa reported February 24 a 17.6% year-on-year hike in full-year 2021 net income, hitting COP$676 billion (US$172 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) likewise rose 6.2% year-on-year, to COP$1.37

Companies

Celsia Full-Year 2021 Net Income Jumps 60.7% Year-on-Year

Medellin Herald February 25, 2022

Medellin-based electric power giant Celsia – a division of Grupo Argos – on February 24 reported a 60.7% year-on-year jump in 2021 net income, to COP$544 billion (US$138.5 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 10.7%, to COP$1.2 trillion (US$305.5 million), while revenues rose 16.3%, to COP$4.1 trillion (US$1.04 billion).

Companies

Grupo Argos Full-Year 2021 Profits Jump 683% Year-on-Year

Medellin Herald February 24, 2022

Medellin-based multinational cement, electric power and airport/highways concessionaire Grupo Argos announced February 23 that its full-year 2021 net income skyrocketed to COP$1.2 trillion (US$305 million), up nearly seven-fold year-on-year. Revenues rose 17% year-on-year, while earnings before interest, taxes, depreciation and amortization (EBITDA) hit COP$4.3 trillion

Companies

ISA Full-Year 2021 Profits Dip 19% Year-on-Year

Medellin Herald February 24, 2022

Medellin-based multinational electric-power transmission builder/operator, highways concessionaire and telecom services provider ISA announced February 23 that its full-year 2021 net income fell 19% year-on-year, to COP$2.06 trillion (US$524 million). Despite that dip, operating income rose 13% year-on-year, to COP$7.97 trillion (US$20.3 billion), while earnings before

Companies

Fabricato Posts Full-Year 2021 Net Profit, Reversing 2020 Losses

Medellin Herald February 24, 2022

Medellin-based textile giant Fabricato announced February 23 a full-year, corporate-wide 2021 net profit of COP$16.5 billion (US$4.2 million) — a big improvement over the 2020 net loss of COP$82.4 billion (US$21 million). “Textile revenues in 2021 increased by 52% compared to 2020,” according to the company, while textile gross margins jumped a full 10 percentage

Companies

Bancolombia Full-Year 2021 Net Income Jumps 31% Year-on-Year

Medellin Herald February 23, 2022

Medellin-based multinational banking giant Bancolombia reported February 22 a that its full-year 2021 net income jumped 31% year-on-year, to COP$4.1 trillion (US$1.04 billion). Fourth-quarter (4Q) 2021 net income soared to COP$1.44 trillion (US$365 million), up from a COP$266 billion (US$67 million) net loss in 4Q 2020. Annualized return on equity (ROE) for full-year 2021

Companies

Éxito Full-Year 2021 Profits Double Year-on-Year

Medellin Herald February 22, 2022

Medellin-based multinational supermarket and dry-goods retailer Grupo Éxito announced February 21 that its full-year 2021 net profit soared by 105% year-on-year, to COP$474 billion (US$120 million). Operating income for 2021 rose 7.5% year-on-year, to COP$16.9 trillion (US$4.3 billion), “marked by important macroeconomic and operational recoveries” not only in Colombia,

Companies

Isagen Expands ‘Green’ Energy Portfolio with Luzma Hydroelectric-Plant Deal in Antioquia

Medellin Herald February 22, 2022

Medellin-based electric power giant Isagen revealed in a February 22 filing with Colombia’s Superfinanciera oversight agency that it just signed a tentative deal to buy two smaller-scale hydroelectric plants (39.8 megawatts total capacity) owned by Generadora Luzma ESP in Amalfi, Antioquia Price wasn’t disclosed as the transaction still must be finalized “in the coming

Health & Insurance.

Antioquia Surpasses 10 Million Covid-19 Vaccinations; 80% of Colombia Joins-In

Medellin Herald February 19, 2022

The department of Antioquia — including Medellin and all its neighboring cities– has just exceeded 10 million vaccinations against Covid-19, with 67% of the population here now completely vaccinated (in most cases, at least two doses). This follows on the heels of a simultaneous announcement by Colombia President Ivan Duque that Covid-19 vaccinations nationwide

Companies

Cementos Argos Full-Year 2021 Profits Skyrocket 451% Year-on-Year

Medellin Herald February 18, 2022

Medellin-based multinational cement/concrete giant Cementos Argos announced February 17 that its full-year 2021 net profit jumped 451% year-on-year, to COP$431 billion (US$109.6 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) jumped 34% year-on-year, to COP$2.1 trillion (US$534 million), while revenues rose 9.1% year-on-year, to COP$9.8