Sunday, May 16, 2021

Become part of our community

captcha 
Snack Foods Among Many Nutresa Products Snack Foods Among Many Nutresa Products Source: Grupo Nutresa

Nutresa 1Q 2021 Profits Jump 20.6% Year-on-Year

Published in Companies Written by  May 01 2021 font size decrease font size increase font size 0
Rate this item
(1 Vote)

Medellin-based multinational foods manufacturing and retailing giant Grupo Nutresa reported April 30 that its first quarter (1Q) 2021 net profit rose 20.6% year-on-year, to COP$233 billion (US$62 million).

Earnings before interest, taxes, depreciation and amortization (EBITDA) also rose by 5.7%, to COP$397.5 billion (US$106 million), while sales rose 6.6%, to COP$2.8 trillion (US$746 million, according to the company.

Sales in Colombia rose 7.3%, to COP$1.7 trillion (US$453 million), while international sales rose 5%, to US$306 million, according to the company.

Gross profit rose 4.9% year-on-year, to COP$1.2 trillion (US$320 million), “the result of Grupo Nutresa’s increasing revenues and the higher costs of commodities associated to international prices, as well as the depreciation of several currencies in Latin America against the dollar,” according to the company.

Financial revenues declined 21.8% year-on-year, “due to lower interest rates on our cash investments during the period,” but financial expenses dropped 24.1% “mainly due to the lower cost of debt,” the company added.

 

Read 140 times Last modified on Last modified on May 01 2021

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

About Medellin Herald

Medellin Herald is a locally produced, English-language news and advisory service uniquely focused upon a more-mature audience of visitors, investors, conference and trade-show attendees, property buyers, expats, retirees, volunteers and nature lovers.

U.S. native Roberto Peckham, who founded Medellin Herald in 2015, has been residing in metro Medellin since 2005 and has traveled regularly and extensively throughout Colombia since 1981.

Medellin Herald welcomes your editorial contributions, comments and story-idea suggestions. Send us a message using the "contact" section.

Contact US

logo def
Medellin Herald: Find news, information, reviews and opinion on business, events, conferences, congresses, education, real estate, investing, retiring and more.
  • COL (4) 386 06 27
  • USA (1) 305 517 76 35
  •  www.medellinherald.com 
  •  This email address is being protected from spambots. You need JavaScript enabled to view it. 
  • Medellin, Antioquia, Colombia

Medellín Photo Galery

Medellin, contrasting colors and styles by Gabriel Buitrago

MPGMPGMPGMPGMPGMPGMPGMPGMPGMPGMPGnav