Companies Uncategorized

Construcciones El Condor Suffers 415% Year-on-Year Drop in 3Q 2020 Net Income

Medellin Herald November 13, 2020

Medellin-based highway construction giant Construcciones El Condor on November 12 reported a 415% year-on-year plunge in third quarter (3Q) 2020 net income, to COP$16 billion (US$4.4 million). Gross income for 3Q 2020 was down 11%, to COP$565 billion (US$155 million), “explained by the

Companies

Mineros SA 3Q 2020 Profits Jump 25% Year-on-Year

Medellin Herald November 13, 2020

Medellin-based multinational gold mining giant Mineros SA announced November 12 that its third quarter (3Q) 2020 net profit rose 25% year-on-year, to US$24.8 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) likewise rose 39% year-on-year, to US$51.9 million, while revenues rose 14%, to US$121 million, according to the company. Costs also

Companies

Gran Colombia Gold 3Q 2020 Profits Jump Year-on-Year

Medellin Herald November 12, 2020

Toronto-based Gran Colombia Gold – whose principal mining operations are in Antioquia – announced November 11 that its third quarter (3Q) adjusted net income rose to U.S$29.5 million, up from US$16 million in 3Q 2019. As for the first nine months of 2020, adjusted net income rose to US$68.2 million, from US$43 million in the […]

Companies

Cementos Argos 3Q 2020 Net Income Doubles Year-on-Year

Medellin Herald November 11, 2020

Medellin-based multinational cement/concrete giant Cementos Argos reported November 10 in a filing with Colombia’s Superfinanciera oversight agency that its third quarter (3Q) 2020 net income more-than doubled year-on-year, to COP$73 billion (US$20 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) also rose 9% year-on-year, to COP$479

Companies

Orbis 3Q 2020 Net Income Rises 12% Year-on-Year

Medellin Herald November 11, 2020

Medellin-based multinational paints, chemicals, piping and hardware giant Grupo Orbis announced November 10 that its third quarter (3Q) 2020 net income rose 12% year-on-year, to COP$14.6 billion (US$4 million), excluding the effect of the sale of a non-operating property in Central America. Orbis brands include Pintuco paints, Andercol chemicals, O-tek piping and Mundial

Companies

ISA 3Q 2020 Net Income Jumps 19% Year-on-Year

Medellin Herald November 6, 2020

Medellin-based multinational electric-power transmission, highway concessionaire and telecom infrastructure giant ISA announced November 5 that third quarter (3Q) net income rose 19% year-on-year, to COP$483 billion (US$128 million). Operating revenues for the latest quarter jumped 21% year-on-year, to COP$2.4 trillion (US$638 million). Earnings before interest, taxes,

Companies

Celsia 3Q 2020 Adjusted Net Income Rises 16% Year-on-Year

Medellin Herald November 5, 2020

Medellin-based electric power giant Celsia announced November 5 that its third quarter (3Q) adjusted net income rose 16% year-on-year, to COP$59 billion (US$15.7 million). Consolidated revenues for 3Q 2020 rose 2% year-on- year. However, consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) declined 22%, to COP$201 billion (US$53.5 million).

Companies

Fabricato 3Q 2020 Net Loss Trimmed by 75% Year-on-Year

Medellin Herald November 3, 2020

Medellin-based textile giant Fabricato announced November 3 in a filing with Colombia’s Superfinanciera oversight agency that its third quarter (3Q) 2020 net loss came-in at COP$3.29 billion (US$861,000), a 75% improvement over the COP$13.27 billion (US$3.47 million) net loss in 3Q 2019. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose to

Companies

Nutresa 3Q 2020 Net Income Rises Year-on-Year

Medellin Herald October 31, 2020

Medellin-based multinational prepared-foods giant Grupo Nutresa announced October 30 that its third quarter (3Q) net income rose 7% year-on-year, to COP$142 billion (US$36.6 million). Operating income also rose, to COP$2.8 trillion (US$722 million) in 3Q 2020 versus COP$2.5 trillion (US$645 million) in 3Q 2019. For the first nine months of 2020 (through September),

Companies

Éxito 3Q 2020 Profits Soar 369% Year-on-Year; ‘Sustainable Livestock’ Initiative Launches

Medellin Herald October 29, 2020

Medellin-based multinational supermarket and home-products giant Grupo Exito announced October 28 that its third quarter (3Q) 2020 net profits jumped by 369% year-on-year, to COP$52 billion (US$13.5 million). On the other hand, recurring earnings before interest, taxes, depreciation and amortization (EBITDA) actually dipped 9.4% year-on-year, although sales rose a modest