Grupo Argos S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 10:08 pm EST
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Grupo Argos S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was COP 4,844,339 million compared to COP 5,088,106 million a year ago. Net income was COP 367,368 million compared to COP 326,130 million a year ago.
For the nine months, revenue was COP 16,981,637 million compared to COP 15,599,902 million a year ago. Net income was COP 1,395,870 million compared to COP 1,052,176 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. 
