Business Companies

Hidroituango 2018 Tunnel Collapse: Construction Contractors Exonerated, but Project Designer, Supervisor Still Face Trial

Medellin Herald November 8, 2025

Medellin-based construction contractor Conconcreto announced November 7 that it and its “Hidroituango” consortium partners Coninsa Ramon H and Camargo Correa have been exonerated from a COP$9.9 trillion (US$2.6 billion) damages claim brought by former Medellin Mayor Daniel Quintero over a 2018

Business Companies

Construcciones El Condor Posts COP$227 Billion Net Loss for 3Q 2025

Medellin Herald November 8, 2025

Medellin-based highway construction giant Construcciones El Condor on November 7 posted a third quarter (3Q) 2025 net loss of COP$227 billion (US$60 million) – thus adding to a growing string of quarterly net losses. The latest negative results reflect impacts from the “Ruta al Sur” highway project as well as losses “derived from the sale […]

Business Companies

Cibest (Bancolombia) 3Q 2025 Net Income Rises 42% Year-on-Year

Medellin Herald November 6, 2025

Medellin-based multinational banking giant Cibest (Bancolombia) announced November 6 that its third quarter (3Q) 2025 net income rose 42% year-on-year, to COP$2.14 trillion (US$565 million). Comparing 3Q 2025 to the immediate prior quarter (2Q 2025), net income is up 19.7%, “driven primarily by reductions in [loan] provision expenses and operating outlays, as well as by

Business Companies

Mineros SA 3Q 2025 Net Income Jumps 84% Year-on-Year

Medellin Herald November 6, 2025

Medellin-based international gold miner Mineros SA announced November 5 that its third quarter (3Q) 2025 net income soared 84% year-on-year, to COP$215.6 billion (US$56 million). “This increase is largely explained by higher gross profit [from a 40% jump in world gold prices] and increased financial income,” according to the company, which recovers alluvial gold

Business Companies

EPM 3Q 2025 Net Income Drops 24% Year-on-Year

Medellin Herald November 5, 2025

Medellin-based multinational electric-power generator-distributor and water/telecom/cable-TV/internet giant EPM on November 4 reported a 24% year-on-year drop in net income for third quarter (3Q) 2025, at COP$2.8 trillion (US$730 million). Revenues also dipped 5% during 3Q 2025, to COP$29 trillion (US$7.56 billion), while earnings before interest, taxes, depreciation and

Business Companies

ISA 3Q 2025 Net Profit Drops 21% Year-on-Year

Medellin Herald November 5, 2025

Medellin-based international electric power transmission operator, highways concessionaire and telecom operator ISA announced November 4 that its third quarter (3Q) 2025 net profit fell 21% year-on-year, to COP$700 billion (US$182.5 million), from COP$891 billion (US$232 million) in 3Q 2024. Revenues for 3Q 2025 dipped 5% year-on-year, to COP$4.16 trillion (US$1.08

Business Companies

Nutresa 3Q 2025 Net Income Rises 18% Year-on-Year

Medellin Herald October 30, 2025

Medellin-based multinational foods giant Grupo Nutresa announced October 30 that its third quarter (3Q) 2025 net income rose 18% year-on-year, to COP$254 billion (US$65.8 million), from COP$215 billion (US$55.7 million) in 3Q 2024. Revenues for 3Q 2025 also rose 11% year-on-year, to COP$5.27 trillion (US$1.36 billion), while earnings before interest, taxes, depreciation

Business Companies

Aris Mining 3Q 2025 Net Income Soars Year-on-Year

Medellin Herald October 30, 2025

Vancouver, Canada-based Aris Mining – operator of the giant Segovia gold mine here in Antioquia – announced October 29 that its third quarter (3Q) 2025 adjusted net earnings soared to US$71.8 million, up from US$13.1 million in 3Q 2024. Revenues for 3Q 2025 likewise jumped 93% year-on-year, to US$253.5 million, while adjusted earnings before interest, […]

Business Companies

Electric-Vehicle Buying Surge Here Prompts EV-Recharge Startup Response

Medellin Herald September 8, 2025

Electric vehicles (EVs) last year were hardly seen on streets and highways around metro Medellin, an area where more-than-1-million conventional motorcycles, cars, trucks and buses circulate. But 2025 has driven a remarkably big surge in purchases of EVs here — mainly for amazingly cheap BYD models from China – and that’s prompting investors to take […]

Business Companies

Industrias Estra 1H 2025 Profits Barely Rise Year-on-Year

Medellin Herald August 24, 2025

Medellin-based industrial/consumer plastic-products manufacturer Industrias Estra announced in an August 22 filing with Colombia’s Superfinanciera oversight agency that its first-half (1H) 2025 net income rose 250% year-on-year — but only to a very modest COP$112 million (US$28,000), from COP$33 million (US$8,225) in 1H 2024. Revenues also rose 11% year-on-year, to