Although the group of 1,000 largest companies operating in Colombia reported profits of 137 billion pesos in 2022, 40.8 percent more than the immediately previous year, This rebound was much less than in 2021, when, according to the Superintendency of Companies, an advance of 115.1 percent was narrowed compared to 2020, rebound explained because it comes from a period of pandemic.
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According to the report delivered yesterday Thursday by the surveillance entity, last year the mining and hydrocarbons macrosector, with 61 billion pesos, was the one that contributed the most to this volume benefit (44.5 percent of the total), displacing that of services, which in 2021 was the one that contributed the most to the group’s total profits.
Ecopetrol remains by far the largest company in the country. Last year it was not only the one that obtained the most profit (33.4 billion pesos), the second was Carbones del Cerrejón, with more than 6 billion, but also leads other companies operating in the country in terms of assets (217 billion), equity (91 billion) and sales (144.8 billion), reveals the report of the Supersocieties.
(Continue reading: These were the 1,000 largest companies in Colombia in 2022)
The ones that won the most
Ecopetrol, with profits of 33.4 trillion pesos in 2022, is by far the company that reports the most profits in the country.
Time / Courteous
However, 2022 was not a good year for all of these companies, at least in terms of profit, since 139 companies jointly reported losses of around 10.5 trillion pesos. In 2021, the red numbers in this area covered 120 companies whose losses totaled about 9.8 billion.
The three companies with the highest losses on their balance sheets last year are Partners Telecom Colombia (WOM), with -1.46 trillion pesosAvianca with about 800,000 million and Famisanar with a red balance of 700,000 million.
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highest net worths
These are the 10 companies that operate in Colombia with the largest assets in the country.
income grows
Another relevant data from the 2022 business report delivered by the entity is related to the income of those 1,000 companies, which totaled 1,217 billion pesos, in which the first 50 had a 44 percent share of this global figure, contributing 538 trillions of pesos.
“The results confirm solid economic growth. According to the information reported by the business sector, there was a 34 percent growth in the operating income of this group of 1,000 companies in 2022,” said Billy Escobar, Superintendent of Companies.
highest sales
These are the companies with the highest revenue in 2022.
In addition, he stressed that this increase reflects the improvement in the profitability of the companies, which allows us to conclude that there is “a more prosperous and fruitful financial health of the Colombian business fabric,” he specified.
Among the companies that reported the highest sales last year were five from the mining and hydrocarbons sector (Ecopetrol, Reficar, Terpel, Carbones del Cerrejón and Drummond).
In turn, Halliburton Colombia Branch, with 613.133 percent; Puerto Bahía Colombia de Urabá (26,363 percent) and Promotora Entre Mares (3,479 percent), were the ones that increased their sales the most last year.
According to the Supersociedades, the reported operating income was equivalent to 83 percent of the Gross Domestic Product (GDP).
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The watchdog entity’s report also reveals that among the 10 largest companies that closed last year with negative equity are five belonging to the health sector (Emssanar, Fasmisanar, Asmet Salud, Savia Salud eps and Western Health Service).
WOM, Viva Air (in Liquidation), Latam Colombia and the CCF Huila soccer team are also part of this group.
The Supersociedades highlights that the net margin of the companies has been 9.5 percent on average in the last five years and closed 2022 at 11.3 percent, which indicates that, for every 100 pesos of income, 11.3 were obtained. profit weights.
