Radar > 239956

Grupo Argos increases 1H16 profits by 32%

Grupo Argos aumenta un 32% sus utilidades en el primer semestre de 2016

Intel ID : 239956
Synopsis

Grupo Argos (BVC:CCB), a Medellin, Colombia-based holding of cement producers, registered an increase of 32% in its 1H16 profits, compared to the same period of 2015, announced the company in a filing published by regulator Superintendencia Financiera de Colombia on 26 August 2016.

Specifically, the company registered profits for USD 201m in 1H16.

In the prospect submitted to the regulator, Grupo Argos explained the results follow the improvement in its operational profits and of the infrastructure sector.
(content in spanish)

Grupo Argos (BVC:CCB), holding colombiano de productoras de cemento con sede en Medellín, ha registrado un aumento del 32% en sus utilidades durante el primer semestre de 2016, comparado con el mismo periodo de 2015, ha informado la compañía en un hecho relevante remitido a la Superintendencia Financiera de Colombia el 26 de agosto de 2016.

En concreto, la compañía ha obtenido ganancias por USD 201m en el primer semestre de 2016.

En el prospecto de emisión presentado ante la Superintendencia, Grupo Argos ha explicado que los resultados se deben a la mejora de su utilidad operacional y del sector de infraestructura.

Relevant Documents

Target


Intel ID 239956
Value ND
Native Currency US Dollar (USD)
Exchange Rate:
Financial Data - Grupo Argos
(31 Dec 2014)
Revenue: -
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Tags

Target

Name
verified
Subsector (Old TTR Sectors)
Real Estate and Construction / Construction (Materials and Machinery) (Primary)
Primary Sector (TTRSC)
25.04.03 Holding Companies / Financial Holding Companies
25 Financial Services / 25.04 Other Financial Services

Secondary Sectors (TTRSC)
55.03.02 Cement & Concrete
55 Raw Materials & Natural Resources / 55.03 Construction Materials

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verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.