October 3, 2025
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Companies

Compañía de Empaques Sees 1H 2017 Profits Drop

Medellin-based Compañía de Empaques – makers of fibers for industrial, agricultural, construction and infrastructure sectors – announced this month that its first-half (1H) net profits fell to COP$1.96 billion (US$662,000), compared to COP$13.5 billion (US$4.5 million) in 1H 2016. While sales rose year-on-year — to COP$193 billion (US$65 million) in 1H 2017 versus
Companies

Exito First-Half 2017 Profits Rebound Year-on-Year

Medellin-based multinational supermarket giant Exito reported August 14 that its first-half (1H) 2017 net profits rebounded to COP$61.6 billion (US$20.7 million), up from a COP$47.7 billion (US$16 million) loss in 1H 2016. Revenues also rose 12.4% year-on-year, to COP$26.8 trillion (US$9 billion), while recurring earnings before interest, taxes, depreciation and
Companies

Bancolombia 2Q 2017 Profits Rise 7% over 1Q 2017

Medellin-based banking giant Bancolombia announced August 9 that its second-quarter (2Q) 2017 profits rose 7% over first-quarter 2017, to COP$654 billion (US$223 million). Meanwhile, Bancolombia’s 2Q 2017 gross portfolio grew 8.5% year-on-year, to US$52 billion, with 27% of the total corresponding to its international businesses represented in Banistmo (Panama), Banco
Companies

USAID Helping Illegal Miners to Legalize; Many Still Balk; Some Promote Violence

The U.S. Agency for International Development (USAID) announced August 8 that its “Oro Legal” program has already helped 205 miners and 176 informal/illegal gold-mining families in Antioquia convert to safer, legal mining – with many more miners targeted for help by 2020. Working with the departmental government of Antioquia, “Oro Legal” projects (and the “Bioredd” […]