Coltejer Posts Net Loss for Full-Year 2024
Medellin-based Coltejer – formerly a textile giant but on a steeply downward path – on March 6 posted a full year 2024 net loss of COP$58 billion (US$14 million), worse than the COP$984 million (US$240,000) net loss in 2023.
Total income — including real estate revenues — also plunged nearly 50% year-on-year, to COP$44.9 billion (US$10.9 million), versus COP$88 billion (US$21 million) in 2023.
Similarly, its clothing sales plummeted to COP$352 million (US$85 million) versus COP$5.3 billion (US$129 million) in 2023.
Operating losses also soared, to COP$34 billion (US$83 million) for full-year 2024 versus operating losses of COP$21 billion (US$51 million) in 2023.
All Coltejer textile production factories have been shuttered since 2021.
