Grupo Familia 3Q 2017 Profits Dip Year-on-Year
Medellin-based multinational personal-hygiene products maker Grupo Familia announced November 15 that its third quarter (3Q) 2017 net profit dipped to COP$44 billion (US$14.6 million), down from CP$51 billion (US$16.9 million) in 3Q 2017.
However, for the first nine months of 2017, Familia’s net profit has more than tripled, to COP$159 billion (US$52.8 million), compared to COP$41 billion (US$13.6 million) in the first nine months of 2016.
Sales in 3Q 2017 rose slightly year-on-year, to COP$579 billion (US$192 million), while taxes also rose in the latest quarter, to COP$24 billion (US$7.9 million), from COP$19.9 billion (US$6.6 million) in 3Q 2016.
Familia – founded in 1958 as a family company – operates in 23 countries in Latin America, with four manufacturing plants in Colombia, one in Ecuador, one in Argentina and one in the Dominican Republic.
Its brand names include “Familia,” “Pequeñin,” “Petys,” “Nosotras,” “Pomys” and “Tena.” Product lines include toilet paper, facial tissues, diapers, feminine hygiene products, creams, shampoos, pet-cleaning products and industrial hygiene products.