Grupo Nutresa S. A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 28, 2023 at 03:09 pm EDT
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Grupo Nutresa S. A. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was COP 4,737,160 million compared to COP 4,014,178 million a year ago. Net income was COP 135,113 million compared to COP 207,728 million a year ago. Basic earnings per share was COP 295.16 compared to COP 453.8 a year ago.
For the six months, sales was COP 9,617,666 million compared to COP 7,611,620 million a year ago. Net income was COP 478,565 million compared to COP 503,188 million a year ago. Basic earnings per share was COP 1,045.46.
Grupo Nutresa SA, formerly Grupo Nacional de Chocolates SA, is a Colombia-based company engaged in the food processing sector. Its activities are structured in eight business segments: Cold Cuts, which specializes in the production of processed and matured meat products, ready-made meals, as well as canned foods and mushrooms; Biscuits, which includes a variety of sweet cookies and crackers; Chocolate, which comprises chocolate bars, powdered chocolate for drinks, cereal bars and peanuts snacks; TMLUC, which produces and sells instant cold drinks, pasta, coffee, snacks and soups, among others, under Tresmontes Lucchetti brand name; Coffee, which manufactures roasted and ground coffee, instant coffee, as well as coffee extracts; Retail Foods, which focuses on direct sale of food to customers; Ice Cream, which distributes water- and milk-based ice cream bowls, popsicles and cones, among others, and Pasta, which includes short, long, egg with vegetables, butter and instant pasta.