Promigas S.A. E.S.P. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 13, 2022 at 06:59 pm EDT
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Promigas S.A. E.S.P. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was COP 1,415,234.51 million compared to COP 1,113,940.9 million a year ago. Revenue was COP 1,415,234.51 million compared to COP 1,113,940.9 million a year ago. Net income was COP 365,232.7 million compared to COP 270,962.84 million a year ago. Basic earnings per share from continuing operations was COP 321.83 compared to COP 238.77 a year ago.
Promigas SA ESP (Promigas) is a Colombia-based company primarily engaged in the natural gas utilities sector. Together with its subsidiaries, the Company is active in the purchase, sale, transmission and distribution of natural gas. The Companyâs activities also include the design, construction and maintenance of natural gas transmission and distribution infrastructure. In addition, through Promigas Telecomunicaciones SA (Promitel), the Company is involved in the telecommunications sector, and through Compania Energetica de Occidente SAS ESP, it is engaged in the electrical power distribution sector. Furthermore, It provides personal loans within the Brilla program. The Company owns such subsidiaries as Surtidora de Gas del Caribe SA ESP, Gases de Boyaca y Santander, Gases de Occidente SA ESP and Transoccidente SA ESP, among others. In December, 2013, the Company acquired, through its subsidiary Promisol SAS, a 100% stake in Enerfranca SA ESP and 99.6% stake in Zonagen SA.
PROMIGAS S.A. E.S.P. 
