Business 653
ISA, Nutresa Win Positive Bond Ratings from Fitch
Tuesday, 31 May 2016 12:11 Written by Roberto Peckham
Medellin-based electric power transmission giant ISA and Medellin-based multinational foods producer Grupo Nutresa both recently won debt-ratings upgrades from Wall Street bond rater Fitch Ratings.
Bancolombia 1Q 2016 Net Income Dips Year-on-Year
Tuesday, 31 May 2016 10:15 Written by Roberto Peckham
Medellin-based Bancolombia – Colombia’s largest bank with a growing international presence – on May 23 announced that its first quarter (1Q) 2016 net income fell 37% year-on-year (y-o-y), to COP$397 billion (US$129 million), reflecting the impact of Colombia’s slowing economy.
Exito's 1Q 2016 EBITDA, Sales Soar, but Profits Slump Year-on-Year
Tuesday, 31 May 2016 09:19 Written by Roberto Peckham
Medellin-based Grupo Exito – now Colombia’s biggest private-sector company and a leading multinational retailer in the largest South American markets – on May 27 reported that its first quarter (1Q) 2016 earnings before interest, taxes, depreciation and amortization (EBITDA) soared 234% year-on-year (y-o-y), to COP$502 billion (US$163 million).
Medellin-based ISA – operator of Colombia’s national electric power transmission network – announced May 2 that its first quarter (1Q) 2016 net income rose 31.3% year-on-year (y-o-y), to COP$192 billion (US$65 million).
Medellin’s Grupo Nutresa Sees 1Q 2016 Sales Soar; EBITDA Sets Record
Monday, 02 May 2016 11:22 Written by Roberto Peckham
Medellin-based multinational food producer Grupo Nutresa announced April 29 that its first quarter (1Q) 2016 sales jumped 21.9% year-on-year (y-o-y), to COP$2.1 trillion (US$738 million).
