October 4, 2025
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Companies

Bancolombia 1Q 2018 Net Profit Dips 14% Year-on-Year

Medellin Herald
Medellin-based banking giant Bancolombia announced May 15 that its first-quarter (1Q) 2018 net profit dipped 14% year-on-year, to COP$522 billion (US$181.7 million). Gross loans in 1Q 2018 grew 4.1% when compared to 1Q 2017 “and decreased by 1.1% during the quarter,” according to Bancolombia. “This annual growth shows moderation in the credit demand in Colombia, […]
Companies

Grupo Argos Net Profits Jump 53% Year-on-Year

Medellin Herald
Medellin-based electric power, cement, construction and highway/airport concessionaire Grupo Argos announced May 15 that its first quarter (1Q) 2018 net profits jumped 53% year-on-year, to COP$210 billion (US$73 million). Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) rose 9% year-on-year, to COP$941 billion (US$328 million), while
Companies

Exito 1Q 2018 Net Income Rises Year-on-Year

Medellin Herald
Medellin-based multinational retail giant Grupo Exito announced May 15 that its first quarter (1Q) 2018 net profits rose year-on-year to COP$9.98 billion (US$3.5 million), up COP$17.5 billion (US$6 million) from the COP$7.6 million (US$2,600) net loss posted in 1Q 2017. Operating income also rose 6.3% year-on-year, to COP$13.7 trillion (US$4.78 billion), the company
Alegra CEO Jorge Soto (left); CTO Santiago Villegas (right)
Companies

Medellin Software Startup ‘Alegra’ Wins ‘Endeavor’ Recognition; Expands Internationally

Medellin Herald
Medellin-based software whiz-kids Jorge Soto and Santiago Villegas just won recognition in the prestigious “Endeavor Entrepreneurs” competition at Endeavor’s 79th “International Selection Panel” (ISP) in Louisville, Kentucky. Soto, the chief executive officer (CEO) of Medellin accounting software pioneer Alegra, and Villegas, the chief technology officer (CTO) of the
Proposed 'Doble Calzada Oriente' Highway Project Near Medellin (Artist's Conception)
Companies

Conconcreto 1Q 2018 Net Income Drops Sharply; ‘Oriente’ Highway Feasibility Report Due in May

Medellin Herald
Medellin-based construction giant Conconcreto reported May 9 that its first quarter (1Q) 2018 consolidated net income dropped 86% year-on-year, to COP$2 billion (US$698,000). Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) also dropped by 36% year-on-year, to COP$33 billion (US$11.5 million). Colombia’s relatively weak economic growth,
ISA's 'XM' Power Transmission Center in Medellin
Companies

ISA 1Q 2018 Net Income Jumps 24% Year-on-Year

Medellin Herald
Medellin-based international electric-power transmitter and highway concessionaire ISA announced May 9 that its first quarter (1Q) 2018 net income rose 24% year-on-year, to COP$297 billion (US$103 million). Gross revenues climbed 3.6% year-on-year, to COP$1.6 trillion (US$558 million), while earnings before interest, taxes, depreciation and amortization (EBITDA) rose 12%

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