Nutresa First-Half 2019 Profits Rise 14.6% Year-on-Year
Medellin-based multinational foods giant Nutresa announced July 26 that its first half (1H) 2019 net income rose 14.6% year-on-year, to COP$2.5 trillion (US$759 million).
Consolidated sales also rose by 7.4% year-on-year, according to the company.
“Colombia [revenues] continue with a positive performance, at COP$2.9 trillion [US$880 million], representing 62.7% of total revenues and up 5.2% compared to the same period of the previous year,” according to Nutresa.
International sales, at COP$1.7 trillion (US$516 million), represented 37.3% of total sales and were 11.2% higher than in the first half of 2018, according to the company.
Operating expenses grew by 4.5%, but operating income jumped even higher, at 16.2% year-on-year.
As for earnings before interest, taxes, depreciation and amortization (EBITDA), this metric rose 20% year-on-year, to COP$648 billion (US$196 million), while EBITDA margin came-in at 13.9%, according to the company.
