October 4, 2025
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Companies

Grupo Argos 3Q 2017 Net Profit Grows 38%

Medellin-based construction, electric power and cement giant Grupo Argos announced November 14 that its third quarter (3Q) 2017 consolidated net profit grew 38% year-on-year, to COP$452 billion (US$150 million). Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) for 3Q 2017 rose 28% year-on-year, to COP$1.2 trillion (US$398 million).
Companies

Exito 3Q 2017 Net Loss Improves Year-on-Year

Medellin-based multinational supermarket giant Grupo Exito reported November 14 that its net loss for third quarter (3Q) 2017 came in at COP$31 billion (US$10 million), a big improvement over the 3Q 2016 net loss of COP$100 billion (US$33 million). Net revenues grew 8.5% year-on-year, to COP$13.9 trillion (US$4.6 billion), while gross profit improved 5.3%, to […]
Companies

Mineros 3Q 2017 Profits Rise 7.46% Year-on-Year; Gran Colombia, Red Eagle Post Losses

Medellin-based gold mining giant Mineros SA reported November 14 that its consolidated third quarter (3Q) 2017 operating income rose 14% year-on-year, to COP$589 billion (US$195 million), while net income rose 7.46%, to COP$91 billion (US$30 million). In its mainly alluvial mining operations in Colombia, Mineros SA’s net income rose a slight 0.7% year-on-year, to COP$93
Companies

Medellin-Based Exporters Hail 1st-Ever Colombian Avocado Shipments to U.S. Market

Three Colombian industrial producers of Hass avocados – all based in the Medellin metro area — this month celebrated the first-ever exports of their products to the U.S. market. The companies – Cartama, Hasspacol and Westsole – are working with California-based Mission Produce to introduce Colombian Hass avocados to the U.S. market, following first-ever import […]
Companies

ISA 3Q 2017 Net Income Jumps 30.8% Year-on-Year

Medellin-based electric power transmission giant and multinational infrastructure operator ISA reported November 1 that its third quarter (3Q) 2017 net income rose 30.8% year-on-year, to COP$317 billion (US$103 million). The improvement mainly came as a result of greater revenues, a decline in finance costs and favorable Brazilian tax-and-compensation provisions for