September 8, 2024
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Celsia 2Q 2024 Net Income Jumps 77% Year-on-Year

Medellin Herald
Medellin-based electric power producer-distributor Celsia (a división of Grupo Argos) announced August 6 a 77% year-on-year jump in second quarter (2Q) 2024 profits, hitting COP$139 billion (US$33.5 million), from COP$78 billion (US$18.8 million) in 2Q 2023. Revenues also rose 21% year-on-year, to COP$1.9 trillion (US$459 million), from COP$1.58 trillion (US$382 million)
Uncategorized

Enka 2Q 2024 Net Income Crashes 96% Year-on-Year

Medellin Herald
Medellin-based textiles and plastics recycling giant Enka announced August 6 that its second quarter (2Q) 2024 net income plummeted 96% year-on-year, to COP$5.36 billion (US$1.3 million), from COP$10.5 billion (US$2.5 million) in 2Q 2023. Earnings before interest, taxes, depreciation and amortization (EBITDA) also fell 36% year-on-year, to COP$9.296 billion (US$2.2
Health & Insurance. Uncategorized

Sura EPS Health Network Going Kaput, Leaving Millions in Limbo

Medellin Herald
Medellin-based health-network-insurance provider Sura EPS – one of Colombia’s biggest EPS organizations, with 5.4 million members – announced May 28 that it has just begun the process to exit the health-insurance market, effectively due to government financial strangulation. The move comes as Sura EPS — a subsidiary of Medellin-based multinational insurance giant

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