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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).


Medellin-based highway, airport and power-plant infrastructure concessionaire Odinsa announced February 27 that its full-year 2016 earnings before interest, taxes, depreciation and amortization (EBITDA) rose 49% year-on-year, to COP$1.06 trillion (US$367 million).


Medellin-based multinational foods conglomerate Grupo Nutresa announced February 24 that its full-year 2016 net profits dipped 7.2% year-on-year, to COP$399.7 billion (US$138 million).


Medellin-based multinational cement giant Cementos Argos announced February 24 that its full-year 2016 net profits dipped 14.5% year-on-year, to COP$420 billion (US$145 million).


Colombia’s national economic statistics agency (DANE) announced February 22 that gross domestic product (PIB in Spanish initials) grew 2% year-on-year in 2016, down from 3.1% in 2015.


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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.

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