Friday, April 16, 2021

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Colombia’s Consejo Nacional de Operacion (CNO) – the national advisory body on electric power supply – on April 4 announced that voluntary power reductions by consumers and industry apparently have diminished the threat of power rationing.


Medellin-based telecom giant UNE – formerly owned by public utility EPM but now owned by Sweden-based Millicom – reported a 11% year-on-year rise in 2015 earnings before interest, taxes, depreciation and amortization (EBITDA) to COP$1.4 trillion (US$460 million).


The board of directors of Medellin-based Grupo Familia – producers and marketers of mainly paper-based personal hygiene products in 20 countries throughout South America and the Caribbean – on March 31 approved the company's full-year 2015 financial report showing net profits rising nearly 25% year-on-year, to COP$202 billion (US$67 million).


Canada-based Gran Colombia Gold (GCG) announced March 30 that its full-year 2015 adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose to US$38.4 million, from US$10.8 million in 2014.


Bancolombia announced March 28 that its investment banking division (“Banca de Inversion Bancolombia”) nabbed the top award for “most innovative” from Global Finance for investment banking in the entire Latin America region during 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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