October 5, 2025
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Companies

EPM Full-Year 2016 Profits Jump 85% Year-on-Year

Empresas Publicas de Medellin (EPM) – now a multinational electric power and utilities giant – reported March 17 that its full-year 2016 profits rose 85% year-on-year, to COP$1.86 trillion (US$641 million). Gross revenues rose 14%, to COP$15.8 trillion (US$5.4 billion), while earnings before interest, taxes, depreciation and amortization rose 12%, to COP$4 trillion
Companies

Hilton to Open 206-Room Luxury Hotel in Medellin in 2019

U.S.-based global hotel magnate Hilton and local builder Constructora Colpatria jointly announced February 28 that they’ve signed a franchise deal to build and open a 25-story, 206-room “Hilton Medellin” luxury hotel on Avenida Las Palmas in second-quarter 2019. Hilton earlier opened an affiliated “Hampton Inn by Hilton Medellin” in 2016 and currently has a portfolio […]
Companies

Medellin-Based Insurance Giant Grupo Sura Sees 2016 Profits Jump 26% Year-on-Year

Medellin-based insurance and finance giant Grupo Sura announced February 27 that its full-year 2016 net income grew 26.3% year-on-year, to COP$1.7 trillion (US$556.3 million). Consolidated revenues also rose by 36.2%, to COP$19 trillion (US$6.3 billion), according to the company. “These variations are driven by the strong dynamics of insurance premiums, which grew 43.8%,