Business 653
Power Rationing Unlikely as Consumers Save, Rains Return, Guatape Mends
Tuesday, 05 April 2016 10:36 Written by Roberto Peckham
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.
UNE 2015 EBITDA Rises 11%, but IFRS Accounting Triggers Net Loss
Friday, 01 April 2016 14:24 Written by Roberto Peckham
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).
Medellin-Based Grupo Familia 2015 Net Profits Rise 25% Year-on-Year
Friday, 01 April 2016 12:48 Written by Roberto Peckham
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).
Gran Colombia Gold 2015 EBITDA Improves; Gold-Price Drop Causes Net Loss
Thursday, 31 March 2016 12:43 Written by Roberto Peckham
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’s Investment-Bank Division Wins Global Finance ‘Innovator’ Award
Monday, 28 March 2016 11:32 Written by Roberto Peckham
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.
