Business Companies

Conconcreto Posts Net Loss for Full Year 2024, Reversing 2023 Gains

Medellin Herald February 28, 2025

Medellin-based buildings-and-highways construction giant Conconcreto announced February 28 a COP$176 billion (US$42 million) net loss for full-year 2024, a reversal from a COP$880 million (US$21 million ) net profit in 2023. Revenues also fell 28% year-on-year, to COP$883 billion (US$213

Business Companies

Grupo Sura Full Year 2024 Net Income Soars 253% Year-on-Year

Medellin Herald February 28, 2025

Medellin-based multinational insurance and investment-asset-manager Grupo Sura announced February 27 a 253% hike in full-year 2024 net income, hitting COP$6.1 trillion (US$1.45 billion). Proforma operating revenues also rose 23.9% year-on-year, hitting COP$33 trillion (US$8 billion), according to the company. Sura noted that COP$4 trillion (US$968 million) of the revenue

Business Companies

Fabricato Posts Another Net Loss For Full-Year 2024

Medellin Herald February 28, 2025

Medellin-based textile-clothing manufacturer Fabricato announced February 27 a full-year 2024 net loss of COP$43 billion (US$10.4 million) — an improvement over the COP$122 billion (US$31.8 million) net loss in 2023. Fabricato blamed the continuing net losses on an economic slowdown in Colombia, volatility in n raw material prices, declining exports and “unfair

Business Companies

ISA Full Year 2024 Net Income Jumps 14% Year-on-Year

Medellin Herald February 27, 2025

Medellin-based multinational electric power transmisión, highways and telecom-internet operation ISA announced February 27 that its full-year 2024 net income rose 14% year-on-year, to COP$2.8 trillion (US$680 million) — an all-time record. Consolidated revenues rose 12% year-on-year, to COP$15.8 trillion (US$3.8 billion), while earnings before interest, taxes,

Business Companies

Grupo Argos Full-Year 2024 Net Profit Soars 424% Year-on-Year

Medellin Herald February 27, 2025

Medellin-based multinational cement, electric power and highways/airports concessionaire Grupo Argos announced February 26 a 424% year-on-year surge in full year 2024 net profit — hitting COP$7.6 trillion (US$1.8 billion), from COP$1.4 trillion (US$341 million) in 2023. Earnings before interest, taxes, depreciation and amortization (EBITDA) likewise rose 28%

Business Companies

Grupo Éxito Full Year 2024 Profits Fall 57% Year-on-Year

Medellin Herald February 27, 2025

Medellin-based multinational supermarket giant Grupo Éxito announced February 26 that its full-year 2024 net income dropped 57% year-on-year, to COP$54.7 billion (US$13 million), versus COP$126 billion (US$30 million) in 2023. Despite the profits drop, sales revenues rose 3.2% year-on-year, to COP$20.8 trillion (US$5 billion), while recurring earnings before interest,

Business Companies

Grupo Nutresa Full-Year 2024 Net Income Up 3.5% Year-on-Year

Medellin Herald February 21, 2025

Medellin-based multinational foods giant Grupo Nutresa reported February 20 a 3.5% year-on-year hike for full-year 2024 net income, hitting COP$751 billion (US$184 million). Revenues dipped 1.7% year-on-year, to COP$18.6 trillion (US$4.55 billion), according to the company. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 7.8% year-on-year, to

Business Companies

‘Colombiatex 2025’ Textile-Fashion Industry Show Here Marks Records

Medellin Herald January 31, 2025

Medellin-based textile/clothing industry group Inexmoda announced January 30 that the just-concluded, 37th annual “Colombiatex” trade show at Plaza Mayor here drew more than 29,000 visitors and 17,800 national and international buyers. Medellin and its immediate suburbs have been the center of Colombia’s textile manufacturing, clothing design and final production for

Business Companies

Celsia Full-Year 2024 Net Profits Dip 26% Year-on-Year

Medellin Herald January 30, 2025

Medellin-based electric power producer Celsia announced January 29 that its full-year 2024 net profits fell 26% year-on-year, to COP$325 billion (US$78 million). Revenues rose 15%, to COP$6.5 trillion (US$1.56 billion), according to the company, a división of Grupo Argos. Earnings before interest, taxes, depreciation and amortization (EBITDA) fell 14% year-on-year, to

Business Companies

Mineros SA 3Q 2024 Net Income Jumps 188% Year-on-Year

Medellin Herald November 17, 2024

Medellin-based multinational gold miner Mineros SA announced November 14 that its third quarter (3Q) 2024 net income jumped 188% year-on-year, to US$28.5 million, from US$13 million in 3Q 2023. Revenues rose 39%, to US$141 million, while adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose 88%, to US$62.9 million, up from US$33 million in