October 6, 2025
Home Archive by category Business (Page 23)
Companies

Valores Simesa Trims Net Loss in 2022 Versus 2021

Medellin-based real estate developer Valores Simesa – owner of the “Ciudad del Rio” properties here on lands once occupied by a long-since-demolished iron foundry – announced March 15 a COP$778 million (US$160,000) net loss for full-year 2022, an improvement over the COP$4.56 billion (US$936,000) net loss in 2021. Financial investments explain the big improvement, netting
Companies

Coltejer Piles Up Another Yearly Loss; Assets for Sale

Medellin-based Coltejer – formerly a giant in Colombia’s multinational textile industry – on March 8 posted a COP$137 billion (US$28.8 million) net loss for full-year 2022, compared to a net loss of COP$121 billion (US$25.5 million) in 2021. Sales likewise declined to a measly COP$3.1 billion (US$653,000) compared to COP$16.9 billion (US$3.56 million) in 2021. […]