Companies

Coltejer Posts Huge Financial Declines for Full-Year 2021

Medellin Herald March 9, 2022

Medellin-based historical textile giant Coltejer revealed in a March 8 filing with Colombia’s Superfinanciera financial oversight agency that its full-year 2021 net loss grew to a negative COP$121 billion (US$32 million), compared to a net loss of COP$94 billion (US$25 million) in 2020. Sales

Companies

Enka Full-Year 2021 Profits More-Than-Triple Year-on-Year

Medellin Herald March 6, 2022

Medellin-based textiles and plastics recycling giant Enka de Colombia announced March 4 that its full-year-2021 net income jumped 3.8-times over 2020, hitting COP$57.4 billion (US$15 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) doubled, to COP$76.4 billion (US$19.9 million), even though gross revenues were almost flat year-on-year, at

Companies

Conconcreto Full-Year 2021 Profits Soar, but Construcciones El Condor Profits Fall

Medellin Herald March 1, 2022

Medellin-based construction giant Conconcreto announced this morning (March 1) that its full-year 2021 net income rose 108.8% year-on-year, to COP$48 billion (US$12 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) also rose 35.6% year-on-year, to COP$139 billion (US$35.4 million), according to the company. Revenues also rose 31%

Companies

Mineros Full-Year 2021 Profits Dip 31% Year-on-Year

Medellin Herald February 28, 2022

Medellin-based multinational gold mining giant Mineros SA announced February 28 that its full-year 2021 net income dropped 31% year-on-year, to COP$162 billion (US$41.3 million). However, revenues increased 4% year-on-year, to COP$1.8 trillion (US$459.6 million), versus COP$1.79 trillion (US$457 million) in 2020. The revenue boost came from a “slight increase in gold

Companies

Grupo Sura Full-Year 2021 Net Income Soars 353% Year-on-Year

Medellin Herald February 26, 2022

Medellin-based multinational insurance, pensions, health care and financial services giant Grupo Sura announced February 25 that its full-year 2021 net income jumped 353% year-on-year, to COP$1.5 trillion (US$282 million). Operating earnings rose 16.5% year-on-year, to COP$24.8 trillion (US$6.64 billion) — COP$4 trillion (US$1.02 billion) more than in 2020 —

Companies

Nutresa Full-Year 2021 Profits Rise 17.6% Year-on-Year

Medellin Herald February 25, 2022

Medellin-based multinational foods giant Grupo Nutresa reported February 24 a 17.6% year-on-year hike in full-year 2021 net income, hitting COP$676 billion (US$172 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) likewise rose 6.2% year-on-year, to COP$1.37 trillion (US$349 million), from COP$1.3 trillion (US$331 million) in 2020. Gross

Companies

Celsia Full-Year 2021 Net Income Jumps 60.7% Year-on-Year

Medellin Herald February 25, 2022

Medellin-based electric power giant Celsia – a division of Grupo Argos – on February 24 reported a 60.7% year-on-year jump in 2021 net income, to COP$544 billion (US$138.5 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 10.7%, to COP$1.2 trillion (US$305.5 million), while revenues rose 16.3%, to COP$4.1 trillion (US$1.04 billion).

Companies

Grupo Argos Full-Year 2021 Profits Jump 683% Year-on-Year

Medellin Herald February 24, 2022

Medellin-based multinational cement, electric power and airport/highways concessionaire Grupo Argos announced February 23 that its full-year 2021 net income skyrocketed to COP$1.2 trillion (US$305 million), up nearly seven-fold year-on-year. Revenues rose 17% year-on-year, while earnings before interest, taxes, depreciation and amortization (EBITDA) hit COP$4.3 trillion

Companies

ISA Full-Year 2021 Profits Dip 19% Year-on-Year

Medellin Herald February 24, 2022

Medellin-based multinational electric-power transmission builder/operator, highways concessionaire and telecom services provider ISA announced February 23 that its full-year 2021 net income fell 19% year-on-year, to COP$2.06 trillion (US$524 million). Despite that dip, operating income rose 13% year-on-year, to COP$7.97 trillion (US$20.3 billion), while earnings before

Companies

Fabricato Posts Full-Year 2021 Net Profit, Reversing 2020 Losses

Medellin Herald February 24, 2022

Medellin-based textile giant Fabricato announced February 23 a full-year, corporate-wide 2021 net profit of COP$16.5 billion (US$4.2 million) — a big improvement over the 2020 net loss of COP$82.4 billion (US$21 million). “Textile revenues in 2021 increased by 52% compared to 2020,” according to the company, while textile gross margins jumped a full 10 percentage