February 14, 2026
Home Archive by category Business (Page 14)
Business Companies

Grupo IMSA 1Q 2024 Profits Soar 409% Year-on-Year

Medellin Herald
Medellin-based multinational diversified manufacturer Grupo IMSA announced May 14 a 409% year-on-year hike in first quarter (1Q) profits, hitting COP$90.6 billion (US$23.6 million). “The increase in net profit is explained by the better operating results of our companies and the receipt of an additional payment derived from the sale agreement of O-tek Internacional to WIG
Business Companies

Enka 1Q 2024 Profits Dip Year-on-Year

Medellin Herald
Medellin-based textiles and plastics-recycling giant Enka announced May 14 that its first quarter (1Q) 2024 net income fell 22% year-on-year, to COP$3.56 billion (US$929,000), from COP$4.6 billion (US$1.2 million) in 1Q 2023. Revenues also fell 14% year-on-year, to COP$125 billion (US$32.6 million), but earnings before interest, taxes, depreciation and amortization
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, […]

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