July 14, 2025
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Business Companies

IMSA 1Q 2025 Profits Fall 22% Year-on-Year

Medellin Herald
Medellin-based multinational diversified manufacturer-marketer Grupo IMSA announced May 15 that first quarter (1Q) 2025 net income fell 22% year-on-year, to COP$70 billion (US$16.7 million), versus COP$90 billion (US$21.5 million) in 1Q 2024. Revenues likewise fell 35% year-on-year, to COP$79.6 billion (US$19 million), versus COP$$122 billion (US$31.9 million) in 1Q 2024.
Business Companies

Sura 1Q 2025 Net Income Dips 12% Year-on-Year

Medellin Herald
Medellin-based insurance and financial asset manager Grupo Sura on May 15 posted a 12% year-on-year decline in first quarter (1Q) 2025 net income, to COP$519 billion (US$123 million). Operating revenues for 1Q 2025 rose 4.8% year-on-year, to COP$7 trillion (US$1.66 billion) while operating profit dipped 5.6%, to COP$1.2 trillion (US$285 million), according to the company.
Business Companies

Grupo Argos 1Q 2025 Profits Plunge Year-on-Year When Discounting One-Time 1Q 2024 Gains

Medellin Herald
Medellin-based Grupo Argos – the holding company of Cementos Argos (concrete/cement), Celsia (electric power) and Odinsa (highway-airports-utilities asset manager) – on May 15 reported a sharp year-on-year profits decline for first quarter (1Q) 2025, all because of the one-time gains reported in 1Q 2024. During 1Q 2024, Grupo Argos had recorded a profit of COP$5.3 […]
Business Companies

Enka 1Q 2025 Profits Dive 73% Year-on-Year

Medellin Herald
Medellin-based textiles and plastics-recycling specialist Enka announced May 14 that its first quarter (1Q) 2025 net income fell 73% year-on-year, to COP$956 million (US$227,000), from COP$3.5 billion (US$831,000) in 1Q 2024. Revenues also dipped 6.4% year-on-year, to COP$117 billion (US$27 million), while earnings before interest, taxes, depreciation and amortization
Business Companies

Isagen 1Q 2025 Net Income Jumps 74% Year-on-Year

Medellin Herald
Medellin-based renewable electric power giant Isagen announced May 14 that its first quarter (1Q) 2025 net income soared 74% year-on-year, to COP$344 billion (US$82 million), from COP$198 billion (US$47 million) in 1Q 2024. Revenues rose 6% year-on-year, to COP$1.4 trillion (US$333 million), while earnings before interest, taxes, depreciation and amortization (EBITDA) rose

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