October 6, 2025
Home Archive by category Business (Page 38)
Mineros Gold Operations Continue Profitable
Companies

Mineros SA 1Q 2021 Net Income Dips 14% Year-on-Year

Medellin Herald
Medellin-based multinational gold mining giant Mineros SA announced May 10 that its first quarter (1Q) 2021 net income dipped 14% year-on-year, to US$13.8 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 7% year-on-year, to US$45.1 million, while gross revenues rose 8%, to US$125.4 million, according to the company. The revenue hike
ISA Electric Power Transmission Operations Boost Profits
Companies

ISA 1Q 2021 Net Income Jumps 32% Year-on-Year

Medellin Herald
Medellin-based multinational electric power transmission giant ISA on May 6 announced a 32.4% year-on-year jump in first quarter (1Q) 2021 net income, to COP$508 billion (US$135 million). Operating revenues also rose 14% year-on-year, to COP$2.4 trillion (US$638 million), while earnings before interest, taxes, depreciation and amortization (EBITDA) rose 14.3%, to COP$1.5
Fabricato Textile Sales Improve
Companies

Fabricato 1Q 2021 Net Loss an Improvement over 1Q 2020

Medellin Herald
Medellin-based textile giant Fabricato revealed May 5 in a filing with Colombia’s Superfinanciera oversight agency that it posted a COP$2.27 billion (US$598,000) net loss for first quarter (1Q) 2021, an improvement over the COP$9 billion (US$2.37 million) net loss in 1Q 2020. Earnings before interest, taxes, depreciation and amortization (EBITDA) in its main textile
Grupo Exito 1Q 2021 Net Income Quadruples Year-on-Year
Companies

Grupo Exito 1Q 2021 Net Income Quadruples Year-on-Year

Medellin Herald
Medellin-based multinational supermarket and dry-goods retailer Grupo Exito on May 4 reported a four-fold jump in net income for first quarter (1Q) 2021, to COP$84.8 billion (US$22 million), versus COP$21.9 billion (US$5.7 million) in 1Q 2020. Recurring earnings before interest, taxes, depreciation and amortization (EBITDA) rose 16.7% year-on-year, to COP$306 billion
PharmaCielo 2020 Losses Worsen Year-on-Year
Companies

PharmaCielo 2020 Losses Worsen Year-on-Year

Medellin Herald
Toronto-based PharmaCielo – owner of a medical-marijuana production and processing facility in the eastern Medellin suburb of Rionegro – on May 3 posted a full-year 2020 net loss of Cdn$43.7 million (US$35.6 million), worse than the Cdn$34.7 million (US$28 million) loss in 2019. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) came in at
Nutresa 1Q 2021 Profits Jump 20.6% Year-on-Year
Companies

Nutresa 1Q 2021 Profits Jump 20.6% Year-on-Year

Medellin Herald
Medellin-based multinational foods manufacturing and retailing giant Grupo Nutresa reported April 30 that its first quarter (1Q) 2021 net profit rose 20.6% year-on-year, to COP$233 billion (US$62 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) also rose by 5.7%, to COP$397.5 billion (US$106 million), while sales rose 6.6%, to COP$2.8

Post Gallery

Medellin Herald: Find news, information, reviews and opinion on business, events, conferences, congresses, education, real estate, investing, retiring and more.

medellin.herald@gmail.com

COL (4) 386 06 27

USA (1) 305 517 76 35

Medellin, Antioquia, Colombia

Medellin Herald is a locally produced, English-language news and advisory service uniquely focused upon a more-mature audience of visitors, investors, conference and trade-show attendees, property buyers, expats, retirees, volunteers and nature lovers.

 

U.S. native Roberto Peckham, who founded Medellin Herald in 2015, has been residing in metro Medellin since 2005 and has traveled regularly and extensively throughout Colombia since 1981.

 

Medellin Herald welcomes your editorial contributions, comments and story-idea suggestions. Send us a message using the “contact” section.