October 6, 2025
Home Archive by category Business (Page 57)
Companies

Exito Posts 2Q 2019 Net Loss

Medellin Herald
Medellin-based multinational retail giant Grupo Exito on August 14 reported a COP$18 billion (US$5.2 million) net loss for second quarter (2Q) 2019, down from a COP$114 billion (US$33million) net profit in 2Q 2018. Recurring earnings before interest, taxes, depreciation and amortization
Electric Power, Cement & Highway/Airport Concessions Giant Grupo Argos EBITDA Improves Year-on-Year
Companies

Grupo Argos 2Q Consolidated Net Income Dips 5.7%, but EBITDA Rises Year-on-Year

Medellin Herald
Medellin-based Grupo Argos – holding company for electric power producer Celsia, cement maker Cementos Argos and highway/airports concessionaire Odinsa – on August 12 reported a 5.7% year-on-year dip in second-quarter (2Q) 2019 net income, at COP$219 billion (US$63 million). However, 2Q 2019 earnings before interest, taxes, depreciation and amortization (EBITDA) rose 18%
'Aburra Norte' Highway Concession in Antioquia
Companies

Construcciones El Condor Posts Net Loss for 2Q 2019

Medellin Herald
Medellin-based highway construction giant Construcciones El Condor on August 14 posted a special COP$13 billion (US$3.7 million) net loss for second quarter (2Q) 2019, but expects to recoup this accounting loss by year-end. “This loss is entirely associated with the result of the ‘Vías de las Américas’ [highway] concession, which will affect the company temporarily […]
Cementos Argos Cement Plant
Companies

Cementos Argos 2Q 2019 Profits Jump 150% Year-on-Year

Medellin Herald
Medellin-based multinational cement/concrete giant Cementos Argos announced August 12 that its second-quarter (2Q) 2019 net income hit COP$73 billion (US$21 million), from COP$29 billion (US$8.5 million) in 2Q 2018. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 44% year-on-year, to COP$475 billion (US$140 million), according to the company.
Professional services

Medellin’s ‘Portafolio Verde:’ International, Local Companies Match Mutually Beneficial Social, Environmental Projects with Local Collaborators

Medellin Herald
A growing list of major local and international companies operating in and around Medellin and throughout Colombia are turning to a novel “Portafolio Verde” (“green portfolio”) consultancy here for projects that are both “green” environmentally as well as financially. “Portafolio Verde” finds, designs and jump-starts innovative, sustainable environmental and social
Companies

ISA 2Q 2019 Net Income Jumps 89% Year-on-Year

Medellin Herald
Medellin-based multinational electric-power transmission builder/operator and highway concessions giant ISA announced August 6 that its second quarter (2Q) net income soared 89% year-on-year, to COP$439 billion (US$128 million). “This variation was due to higher revenues from the entry into operation of new projects, the incorporation of the 50% of IESUL [a Brazilian

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