October 27, 2025
Home Archive by category Business (Page 12)
Business Companies

Odinsa 1Q 2024 Net Income Dips 5% Year-on-Year

Medellin Herald
Medellin-based highways/airport concessionaire Odinsa – a concessions division of Grupo Argos and in a “strategic alliance” with Australia-based global infrastructure giant Macquarie Infrastructure and Real Assets (MIRA) — announced May 13 a first quarter (1Q) 2024 net profit of COP$10.4 billion (US$2.7 million), a 5% decline from COP$10.95 billion (US$2.8 million)
Business Companies

Mineros 1Q 2024 Net Income Unchanged From 1Q 2023

Medellin Herald
Medellin-based multinational gold miner Mineros SA announced May 9 that its first quarter (1Q) 2024 net income on continuing operations came-in at US$16.77 million, almost unchanged from US$16.75 million in 1Q 2023. “The modest increase in profit is mainly explained by higher revenue and gross profit,” but that was offset by “higher foreign exchange differences” […]
Business Companies

Grupo Éxito Posts Net Loss for 1Q 2024

Medellin Herald
Medellin-based multinational supermarket/dry-goods retailer Grupo Éxito – now a subsidiary of El Salvador-based Grupo Calleja – on May 8 posted a COP$37.8 billion (US$9.7 million) net loss for first quarter 2024. That represents an 184% decline from the net profit of COP$45 billion (US$9.6 million) posted in 1Q 2023. “During the first quarter of 2024, […]
Business Companies

EPM 1Q 2024 Net Income Up 6% Year-on-Year

Medellin Herald
Medellin-based multinational electric-power, water, wastewater and trash-disposal giant EPM announced May 7 a 6% year-on-year hike in net income, hitting COP$1.7 trillion (US$435 million) Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 17% year-on-year, to COP$3.4 trillion (US$871 million), while gross revenues rose 12% year-on-year, to

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