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Nutresa's 'Badia' Spice Line Among Dozens of its Varied Food Products Nutresa's 'Badia' Spice Line Among Dozens of its Varied Food Products Source; Grupo Nutresa

Nutresa 3Q 2021 Profits Rise 14% Year-on-Year

Published in Companies Written by  October 30 2021 font size decrease font size increase font size 0
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Medellin-based multinational foods giant Grupo Nutresa on October 29 reported a 17% year-on-year hike in third quarter (3Q) 2021 net profits, hitting COP$173 billion (US$46 million).

Operating income rose to COP$3.36 trillion (US$893 million), up from COP$2.85 trillion (US$757 million) in 3Q 2020.

Meanwhile, 3Q 2021 operating profit rose 8.4% year-on-year, to COP$867 billion (US$230 million), according to the company.

As for nine-months 2021 results (January through September), sales so far this year are up 11.7%, to COP$9.1 trillion (US$2.4 billion), while sales in Colombia are up 14.5% year-on-year, hitting COP$5.5 trillion (US$1.46 billion), according to the company.

Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) so far this year are up 5.4%, to COP$1.2 trillion (US$319 million), with a 12.9% margin on sales.

Net profit so far this year is up 14%, to COP$535 billion (US$142 million), according to the company.

International sales, up 7.7% year-on-year, hit COP$3.6 trillion (US$964 million), accounting for 39% of total sales.

Grupo Nutresa boasts of a direct corporate presence in 14 countries with 47 production plants, 45,861 employees and product sales in 78 countries on five continents.

Read 302 times Last modified on Last modified on October 30 2021

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