March 7, 2026
Companies

Enka 1Q 2023 Net Income Drops 66% Year-on-Year

Medellin Herald
Medellin-based textiles and plastics-recycling giant Enka announced May 12 that its first quarter (1Q) 2023 net income dropped 66% year-on-year, to COP$4.59 billion (US$1.01 million), versus COP$13.8 billion (US$3.05 million) in 1Q 2022. Revenues likewise slipped to COP$146 billion (US$32.3 million), versus COP$156 billion (US$34.5 million) in 1Q 2022. Earnings before
Companies

Grupo Argos 1Q 2023 Profits Soar 81% Year-on-Year

Medellin Herald
Medellin-based Grupo Argos – parent of subsidiaries Cementos Argos (cement/concrete), electric power producer Celsia and highways/airports concessionaire Odinsa – announced May 10 that its first quarter (1Q) net income jumped 81% year-on-year, to COP$570 billion (US$124 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) likewise rose 28%, to
Companies

Bancolombia 1Q 2023 Net Income Down Slightly Year-on-Year

Medellin Herald
Medellin-based international banking giant Bancolombia announced May 10 that its first quarter (1Q) 2023 net income dipped almost 1% year-on-year, to COP$1.7 trillion (US$369 million). “Annualized return on equity (ROE) at the consolidated level was 17.7% for the latest quarter and 19.0% for the last twelve months,” according to the company. “Gross loans amount to […]
Celsia 1Q 2023 Net Income Drops 26% Year-on-Year
Companies

Celsia 1Q 2023 Net Income Drops 26% Year-on-Year

Medellin Herald
Medellin-based electric power multinational Celsia announced May 9 that its first quarter (1Q) 2023 net income fell 26.3% year-on-year, to COP$122 billion (US$26.8 million) — mainly because of higher financial expenses and government-mandated cuts in power tariffs. Revenues rose 15% year-on-year, to COP$1.5 trillion (US$330 million), while earnings before interest,
Cementos Argos 1Q 2023 Profits Jump 10-Fold Year-on-Year
Companies

Cementos Argos 1Q 2023 Profits Jump 10-Fold Year-on-Year

Medellin Herald
Medellin-based multinational cement/concrete giant Cementos Argos announced May 9 that its first quarter (1Q) 2023 net income skyrocketed 10-fold year-on-year, hitting COP$118 billion (US$26 million), its best-ever 1Q in history. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) likewise jumped 71% year-on-year, to COP$593 billion (US$131
EPM 1Q 2023 Net Income Rises 27% Year-on-Year
Companies

EPM 1Q 2023 Net Income Rises 27% Year-on-Year

Medellin Herald
Medellin-based multinational electric power and utilities giant Grupo EPM announced May 3 that its first quarter (1Q) 2023 net income rose 27% year-on-year, to COP$1.6 trillion (US$346 million). Revenues also rose 22% year-on-year, to COP$9 trillion (US$1.94 billion), while earnings before interest, taxes, depreciation and amortization (EBITDA) rose 29%, to COP$2.9
Grupo Éxito 1Q 2023 Net Income Drops 30% Year-on-Year
Companies

Grupo Éxito 1Q 2023 Net Income Drops 30% Year-on-Year

Medellin Herald
Medellin-based multinational supermarket and dry-goods retailer Grupo Éxito announced May 2 that its first quarter (1Q) 2023 net income fell 30% year-on-year, to COP$45 billion (US$9.6million), as its retail food prices failed to keep pace with inflation. Despite the dip in profits, revenues nevertheless rose 18.6% year-on-year, to COP$5.4 trillion (US$1.16 billion),

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