Grupo Argos S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 12:17 am EDT
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Grupo Argos S.A. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was COP 91,295 million compared to COP 133,909 million a year ago. Revenue was COP 6,392,395 million compared to COP 5,898,089 million a year ago. Net income was COP 312,540 million compared to COP 229,433 million a year ago.
For the six months, sales was COP 230,322 million compared to COP 248,662 million a year ago. Revenue was COP 12,137,298 million compared to COP 10,511,796 million a year ago. Net income was COP 718,498 million compared to COP 390,841 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. 
