Grupo Argos S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 11, 2021 at 04:56 pm EST
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Grupo Argos S.A. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported revenue was COP 4,115,415.18 million compared to COP 3,453,183.4 million a year ago. Net income was COP 211,379.05 million compared to COP 6,856.12 million a year ago. Basic earnings per share from continuing operations was COP 243.12 compared to COP 8 a year ago. Diluted earnings per share from continuing operations was COP 243.12 compared to COP 8 a year ago.
For the nine months, revenue was COP 11,875,052.75 million compared to COP 10,414,775.31 million a year ago. Net income was COP 496,759.66 million compared to net loss of COP 15,725.58 million a year ago. Basic earnings per share from continuing operations was COP 574.69 compared to basic loss per share from continuing operations of COP 18.34 a year ago. Diluted earnings per share from continuing operations was COP 574.69 compared to diluted loss per share from continuing operations of COP 18.34 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 Company's 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.