Promigas S.A. E.S.P. Reports Earnings Results for the Full Year Ended December 31, 2020
March 22, 2021
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Promigas S.A. E.S.P. Announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was COP 3,968,566.547 million compared to COP 3,755,614.618 million a year ago. Operating income was COP 1,645,285.242 million compared to COP 1,166,780.740 million a year ago. Net income was COP 1,137,444.552 million compared to COP 811,347.450 million 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. 
