October 30, 2025
Home Archive by category Business (Page 27)
Companies

Grupo Sura 1Q 2022 Net Income Jumps 109% Year-on-Year

Medellin Herald
Medellin-based multinational health, insurance and financial services giant Grupo Sura announced May 13 that its consolidated net income for first quarter (1Q) 2022 rose 109% year-on-year, to COP$442 billion (US$113 million), Consolidated revenues likewise rose 25% year-on-year, to COP$6.9 trillion (US$1.76 billion), according to the company. “This level of results was
Grupo Argos Real Estate Project in Barranquilla
Companies

Grupo Argos 1Q 2022 Net Income Jumps 65% Year-on-Year

Medellin Herald
Medellin-based cement, electric-power, real-estate and airport/highways conglomerate Grupo Argos announced May 12 that its first quarter (1Q) 2022 net income rose 65% year-on-year, to COP$315 billion (US$77 million). Earnings before interest, taxes, depreciation and amortization (EBITDA rose 28%, to COP$1.2 trillion (US$293 million), while revenues rose 23.6%, to COP$4.6
Enka Plastic-Bottle Recycling Continues to Grow
Companies

Enka Colombia 1Q 2022 Net Income Steady Year-on-Year

Medellin Herald
Medellin-based textiles and plastics-recycling specialist Enka Colombia announced today (May 13) that its first quarter (1Q) consolidated net income was essentially flat year-on-year, at COP$13.79 billion (US$3.35 million), versus COP$13.78 billion (US$3.35 million) in 1Q 2021. Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) dipped
Companies

Conconcreto 1Q 2022 Profits Jump 76% Year-on-Year

Medellin Herald
Medellin-based construction giant Conconcreto announced May 13 that its first quarter (1Q) net income rose 76.8% year-on-year, to COP$22 billion (US$5.3 million), from COP$12.6 billion (US$3.06 million) in 1Q 2021. Gross revenues rose 70%, to COP$237 billion (US$57.6 million), while earnings before interest, taxes, depreciation and amortization (EBITDA) rose 31.8%, to
Bancolombia Finances Soaring
Companies

Bancolombia 1Q 2022 Net Income Soars 219% Year-on-Year

Medellin Herald
Medellin-based multinational banking giant Bancolombia announced today (May 12) that its first quarter (1Q) 2022 net income skyrocketed 219% year-on-year, to COP$1.73 trillion (US$421 million), from COP$542 billion (US$132 million) in 1Q 2021. Interest income grew 26% year-on-year, while interest expense rose only 13.7%, thus yielding a net 31% gain. Assets likewise grew
Cost Hikes Hurt Cementos Argos Profits
Companies

Cementos Argos 1Q 2022 Profits Fall 60% Year-on-Year

Medellin Herald
Medellin-based multinational cement/concrete giant Cementos Argos announced May 9 that its first quarter (1Q) net income dropped 60.6% year-on-year, to COP$55 billion (US$13.46 million). Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) also dipped 17.8%, to COP$437 billion (US$107 million), but gross revenues actually increased 11.2%
Mineros Gold Mining Profits Dip
Companies

Mineros 1Q 2022 Profits Decline Year-on-Year

Medellin Herald
Medellin-based multinational gold miner Mineros SA announced May 9 that its first quarter (1Q) profits fell to US$10.47 million, from US$13.77 million in 1Q 2021. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) also dipped to US$41 million, from US$45 million in 1Q 2021. Revenues dipped 1% year-on-year, to US$124.7 million, although the

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