March 7, 2026
Business Companies

Celsia 2Q 2023 Net Income Drops 48%-on-Year

Medellin Herald
Medellin-based electric power giant Celsia – a division of Grupo Argos — announced August 9 that its second-quarter (2Q) 2022 net income fell 48% year-on-year, to COP$78.6 billion (US$19.8 million) — all due to higher financial expenses. Despite the profits dip, revenues actually rose 31%, to COP$1.58 trillion (US$399 million), while earnings before interest,
Business Companies

EPM 2Q 2023 Net Income Jumps 27% Year-on-Year

Medellin Herald
Medellin-based multinational utilities giant EPM announced August 2 that its second quarter (2Q) 2023 net income rose 27% year-on-year, to COP$2.7 trillion (US$652 million). Gross income also rose 21%, to COP$18.3 trillion (US$4.4 billion), while earnings before interest, taxes, depreciation and amortization (EBITDA) likewise rose 21% year-on-year, to COP$5.7 trillion
Business Companies

ISA 2Q 2023 Net Income Up 3% Year-on-Year

Medellin Herald
Medellin-based multinational electric-power transmission, highways concessionaire and telecom provider ISA announced August 1 that its second quarter (2Q) 2023 net income rose 3% year-on-year, to COP$694 billion (US$173 million). “This increase is mainly due to the entry-into-operation of energy transmission projects in Brazil and Colombia; increased construction
Companies Business

Nutresa 2Q 2023 Net Profit Falls 34% Year-on-Year; Takeover Deal Nears Finalization

Medellin Herald
Medellin-based multinational foods manufacturer-marketer Grupo Nutresa announced July 28 that its second quarter (2Q) 2023 net profit fell 34.5% year-on-year, to COP$140 billion (US$35.7 million). However, 2Q 2023 earnings before interest, taxes, depreciation and amortization (EBITDA) actually rose 11.8% year-on-year, to COP$539 billion (US$138 million), while operating
Companies

Sura 1Q 2023 Net Income Jumps 94% Year-on-Year

Medellin Herald
Medellin-based multinational insurance, health care and asset management giant Grupo Sura announced May 15 that its first quarter (1Q) 2023 consolidated net income rose 94% year-on-year, hitting a quarterly record of COP$834 billion (US$185 million). Gross revenues likewise rose 39% year-on-year, to COP$9.6 trillion (US$2.1 billion), according to the company. Citing the

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