October 4, 2025
Home Business Archive by category Companies (Page 18)
Business Companies

Enka 2Q 2023 Net Income Jumps 61% Year-on-Year

Medellin-based textiles and waste-plastics recycling specialist Enka announced August 11 that its second quarter (2Q) 2023 net income rose 61% year-on-year, to COP$10.5 billion (US$2.6 million). However, earnings before interest, taxes, depreciation and amortization (EBITDA) fell by 21%, to COP$12.6 billion (US$3.1 million), according to the company. While the year-on-year
Business Companies

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

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,