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

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

Companies

Bancolombia Full-Year 2021 Net Income Jumps 31% Year-on-Year

Medellin Herald February 23, 2022

Medellin-based multinational banking giant Bancolombia reported February 22 a that its full-year 2021 net income jumped 31% year-on-year, to COP$4.1 trillion (US$1.04 billion). Fourth-quarter (4Q) 2021 net income soared to COP$1.44 trillion (US$365 million), up from a COP$266 billion (US$67 million) net loss in 4Q 2020. Annualized return on equity (ROE) for full-year 2021

Companies

Éxito Full-Year 2021 Profits Double Year-on-Year

Medellin Herald February 22, 2022

Medellin-based multinational supermarket and dry-goods retailer Grupo Éxito announced February 21 that its full-year 2021 net profit soared by 105% year-on-year, to COP$474 billion (US$120 million). Operating income for 2021 rose 7.5% year-on-year, to COP$16.9 trillion (US$4.3 billion), “marked by important macroeconomic and operational recoveries” not only in Colombia,

Companies

Isagen Expands ‘Green’ Energy Portfolio with Luzma Hydroelectric-Plant Deal in Antioquia

Medellin Herald February 22, 2022

Medellin-based electric power giant Isagen revealed in a February 22 filing with Colombia’s Superfinanciera oversight agency that it just signed a tentative deal to buy two smaller-scale hydroelectric plants (39.8 megawatts total capacity) owned by Generadora Luzma ESP in Amalfi, Antioquia Price wasn’t disclosed as the transaction still must be finalized “in the coming