Grupo Argos S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 15, 2022 at 04:41 am EST
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Grupo Argos S.A. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was COP 5,088,000 million compared to COP 4,115,000 million a year ago. Net income was COP 192,000 million compared to COP 211,000 million a year ago.
For the nine months, sales was COP 15,600,000 million compared to COP 11,875,000 million a year ago. Net income was COP 583,000 million compared to COP 497,000 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. 
