Companies that saw their profits rise by more than 30 percent – Companies – Economy

Companies that saw their profits rise by more than 30 percent – Companies – Economy

2022 was a fairly positive year for the majority of companies in the country that saw their profits and income pick up, at least it was for Electrical Interconnection (ISA), Grupo Nutresa, Davivienda and Bancolombia.

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according to directives of IT’S A, the company concluded 2022 with solid financial results and exceeding the projections they had for that year. Profits, for example, totaled 2.2 trillion pesos, exceeding those of 2021 by 32 percent.
For its part, revenues totaled 13.4 trillion pesos, while ebitda reached 8.6 trillion, reflecting increases of 20 and 11 percent per year.

Said results were driven by the income from the operation in Colombia and Chile and the entry of new projects.

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The earnings of davivienda bank in 2022, they totaled 1.62 trillion, 28.1 percent more than in 2021, mainly as a result of higher portfolio income, lower relative cost of risk compared to that registered the previous year and higher non-financial income. The entity’s portfolio, for its part, closed at 144.8 trillion pesos, growing 22.1 percent annually.

is Nutresa Group sales registered a good behavior by growing close to 34 percent annually to 17 trillion pesos, while profits did so at 30.4 percent, adding close to 883,000 million last year.

Despite the fact that the group’s sales abroad grew by 40 percent annually and totaled 6.9 billion pesos, the local market continues to be the organization’s main engine.

It was also a good exercise for bancolombia. The entity reported a profit of 6.8 trillion pesos last year, a figure that exceeded the results of 2021 by 66 percent.

When presenting the balance of activities of the entity in 2022, Juan Carlos MoraIts president said that the gross portfolio reached 269.9 billion, growing 22.5 percent annually.

By Mitchell G. Patton

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