Nutresa EBITDA Jumps 32%; Reported Profit Falls 89%

Colombia · BUSINESS & MARKETS

Key Facts

—Sales growth. Grupo Nutresa’s first-half revenue rose 2.4% to COP 10.3 trillion, about US$3.24 billion at the August 6 official exchange rate.

—Operating gain. Reported EBITDA increased 32% to COP 1.95 trillion (about US$613 million), lifting the margin to 19%. Adjusted EBITDA reached COP 2.0 trillion (about US$629 million).

—Profit split. Adjusted net income rose 36.6% to COP 724.7 billion (about US$228 million), but reported net income fell to COP 78.4 billion (about US$24.7 million).