Grupo Argos S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 13, 2022 at 03:12 am EDT
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Grupo Argos S.A. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was COP 133,909 million compared to COP 145,994 million a year ago. Revenue was COP 5,898,089 million compared to COP 4,026,624 million a year ago. Net income was COP 229,433 million compared to COP 211,492 million a year ago.
For the six months, sales was COP 248,662 million compared to COP 179,784 million a year ago. Revenue was COP 10,511,796 million compared to COP 7,759,638 million a year ago. Net income was COP 390,841 million compared to COP 285,381 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. 
