May 26, 2026
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Business Companies

Enka 1Q 2026 Profits Jump 66% Year-on-Year

Medellin-based textiles and plastics recycling special Enka announced May 14 a 66% year-on-year boost in first quarter (1Q) 2026 net income, hitting COP$1.56 billion (US$429,000), versus COP$956 million (US$262,000) in 1Q 2025. The profits hike came despite a 24% drop operating income, at COP$88.6 billion (US$24 million) in 1Q 2026 versus COP$117 billion (US$32 million)
Business Companies

Fabricato Posts Net Loss for 1Q 2026

Medellin-based textile giant Fabricato announced May 15 a first quarter (1Q) 2026 consolidated net loss of COP$556 million (US$152,000), down 114% year-on-year from a 1Q 2025 net profit of COP$4 billion (US$1.09 million). Consolidated accumulated revenues from ordinary activities also fell 21% year-on-year, to COP$54 billion (US$14.8 million), compared to COP$69 billion