Grupo Nutresa S. A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 26, 2023
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Grupo Nutresa S. A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was COP 4,668,317 million compared to COP 4,545,170 million a year ago. Net income was COP 114,190 million compared to COP 219,861 million a year ago. Basic earnings per share was COP 249.46 compared to COP 480.3 a year ago.
For the nine months, sales was COP 14,285,983 million compared to COP 12,156,790 million a year ago. Net income was COP 592,755 million compared to COP 723,049 million a year ago. Basic earnings per share was COP 1,294.92.
Grupo Nutresa SA, formerly Grupo Nacional de Chocolates SA, is a Colombia-based company engaged in the food processing sector. Its activities are structured in eight business segments: Cold Cuts, which specializes in the production of processed and matured meat products, ready-made meals, as well as canned foods and mushrooms; Biscuits, which includes a variety of sweet cookies and crackers; Chocolate, which comprises chocolate bars, powdered chocolate for drinks, cereal bars and peanuts snacks; TMLUC, which produces and sells instant cold drinks, pasta, coffee, snacks and soups, among others, under Tresmontes Lucchetti brand name; Coffee, which manufactures roasted and ground coffee, instant coffee, as well as coffee extracts; Retail Foods, which focuses on direct sale of food to customers; Ice Cream, which distributes water- and milk-based ice cream bowls, popsicles and cones, among others, and Pasta, which includes short, long, egg with vegetables, butter and instant pasta.
GRUPO NUTRESA S. A. 
