December 11, 2025
Cementos Argos 2Q Net Income Plummets 97% Year-on-Year
Companies

Cementos Argos 2Q Net Income Plummets 97% Year-on-Year

Medellin Herald
Medellin-based multinational cement/concrete giant Cementos Argos announced August 8 that its second quarter (2Q) 2022 net income fell 97% year-on-year, to COP$5 billion (US$1.15 million). “Net income decreased due to non-recurring operations of asset sales that were reflected in the results of the second quarter of 2021,” according to the company. However, revenues jumped
Colombia Tax Proposal Revenue Estimates by Sector
Taxes

New National Tax Proposal Would Collect COP$25 Trillion Extra in 2023, COP$50 Trillion Extra by 2026

Medellin Herald
Colombia’s new Finance Minster Jose Antonio Campo on August 8 unveiled a 130-page tax proposal to the national Congress — aiming to boost tax collections by COP$25 trillion (US$5.8 billion) next year, then gradually increasing each of the following three years, hitting COP$50 trillion (US$11.58 billion) by 2026. The proposed scheme generally follows promises made
Celsia Hydropower Dam in Colombia
Companies

Celsia 2Q 2022 Net Income Dips 23% Year-on-Year

Medellin Herald
Medellin-based electric power producer Celsia (a division of Grupo Argos) announced August 5 that its second quarter (2Q) 2022 net income fell to COP$152 billion (US$35 million), a 23% decline from the COP$198 billion (US$51 million) net in 2Q 2021. Consolidated 2Q 2022 revenues hit COP$1.21 trillion (US$279 million), with 89% of that coming from […]
Mineros Gold Mining Operations
Companies

Mineros 2Q 2022 Net Income Rises 10% Year-on-Year

Medellin Herald
Medellin-based multinational gold miner Mineros SA on August 3 reported a 10% year-over-year hike in net income for second quarter (2Q) 2022. Revenue likewise rose 7% year-on-year, to US$137 million, while adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose 12%, to US$46.7 million. Gold production also rose by 10% year-on-year, to 74,062
Congresses & Conferences

Colombiamoda/Colombiatex Trade Show Breaks Records, Textile/Clothing on Rebound

Medellin Herald
Medellin-based textile/clothing trade group Inexmoda announced July 29 that the annual Colombiamoda/Colombiatex trade show here attracted an all-time-record of nearly 50,000 attendees, while latest statistics show that Colombian clothing sales are up 9% so far in first half (1H) 2022 versus 1H 2021. Among those attending the annual show here were some 25,000 admirers at
Infrastructure

Colombiamoda / Colombiatex Trade Show Breaks Records, Textile / Clothing on Rebound

Medellin Herald
Medellin-based textile/clothing trade group Inexmoda announced July 29 that the annual Colombiamoda/Colombiatex trade show here attracted an all-time-record of nearly 50,000 attendees, while latest statistics show that Colombian clothing sales are up 9% so far in first half (1H) 2022 versus 1H 2021. Among those attending the annual show here were some 25,000 admirers at
ISA Power Transmission Revenues Shine Brightly
Companies

ISA 2Q 2022 Net Income Rises 14% 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) 2022 net income rose 14.4% year-on-year, to COP$670 billion (US$155.7 million). Operating income rose 10% year-on-year, to COP$1.9 trillion (US$441.7 million), while earnings before interest, taxes, depreciation and

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Medellin, Antioquia, Colombia

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.

 

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