Grupo Argos S.A. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 13, 2019 at 05:12 pm EST
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Grupo Argos S.A. Announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was COP 177,656 million compared to COP 110,811 million a year ago. Net income was COP 301,401 million compared to COP 265,720 million a year ago. For the nine months, sales was COP 429,469 million compared to COP 405,503 million a year ago. Net income was COP 566,216 million compared to COP 494,293 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.