Grupo Argos S.A. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
February 24, 2021
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Grupo Argos S.A. announced earnings results for the fourth quarter ended December 31, 2020. For the year, the company announced total revenue was COP 13,990,523 million compared to COP 16,798,588 million a year ago. Operating income was COP 1,638,127 million compared to COP 3,076,473 million a year ago. Net loss was COP 100,013 million compared to net income of COP 689,565 million a year ago. For the quarter, total revenue was COP 3,575,749 million compared to COP 3,940,804 million a year ago. Operating income was COP 366,014 million compared to COP 891,760 million a year ago. Net loss was COP 84,287 million compared to net income of COP 123,349 million a year ago.
Grupo Argos SA, formerly Inversiones Argos SA, is a Colombia-based holding company primarily engaged, through its subsidiaries, in the cement industry. The Company has three business segments: Sale of Cement, Sale of Energy and Gas and Financial Activity. The Companyâs activities include the production, distribution and sale of a variety of cement, ready-mix concrete and related construction materials, which are marketed under the Argos brand. The Company through its subsidiaries is involved in such sectors as cement, energy, harbors, coal and real estate development, as well as execution and management of infrastructure projects. The Company is also involved in the provision of such services as technical support, financial assessment, equipment financing and training programs for its clients, as well as in the investment in companies active in other sectors.
GRUPO ARGOS S.A. 
