big ideas for global investors Search
   Members       Sign-up       Newsfeeds        Companies        Stock Directories       Research       Video       Funding   

Daily Colombian Equities Bulletin and Fundamentals 7-31-14

August 1, 2014 ( newswire) The Colcap index closed at 1,694 points (-0.94%). Total turnover reached USD 219 mm. The best performers were Valorem (+4.41%), Pacific Rubiales (+1.64%) and Occidente (+1.27%). On the other hand, the worst performers were Enka (-4.10%), PfCemargos (-2.75%) and PfGrupoSura (-2.75%).

Colombia Today

Results 2Q14

Today Ecopetrol will release its 2Q14 results.

Nutresa | 2Q14 Results

Grupo Nutresa continues with excellent performance in the first half of the year, supported in higher sales and very positive levels of profitability.

  • Sales in Colombia grew by 7.7% over the first half of last year, amounting to COP 1,972.4 billion.
  • International sales represented 34.3% of Grupo Nutresa's total sales, closing at USD 526 million, an increase of 24.8%.
  • Total sales were COP 3,002.4 billion, representing a growth of 14.9%.
  • The EBITDA grew by 11.1% and was COP 417.7 billion, representing a margin on sales of 13.9%.
  • As of the second quarter, Grupo Nutresa has consolidated its operating results in Venezuela at the rate indicated by SICAD II (Sistema Cambiario Alternativo de Divisas = Alternative Currency Exchange System).
  • Grupo Nutresa continues to evolve in the consumer market for food outside the home with the opening of the first Starbucks store in Colombia.


According to the project of distribution of profits for the 1H14, the company will pay out a cash dividend of COP 342/share, payable in six monthly fees, and a stock dividend of COP 1,034.8/share (1:36.634284), payable on October 27, 2014. The total dividend of COP 1,376.8/share is 15% higher than the declared based on profits 2H14 (COP 1201.15/share) and both correspond to an annualized yield of 6.7% at closing prices. Source: SuperFinanciera


The company ended the 2Q14 with a backlog (balance of work to be performed) of COP 2 bn, equivalent to 2.5 years of revenue, an increase of 30% in the square meters of leasable area. The operating profit of the company was affected by the displacement of some income and real estate portfolio of concessions to the second half of 2014. Likewise, net income was affected by this decline and higher expense involving investments in the real estate portfolio. Source: SuperFinanciera

The company will publish the full report of results tomorrow, Friday August 1.


Moody's changed the outlook on ETB's ratings to stable from negative and, at the same time, affirmed ETB's Ba1 senior unsecured and corporate family ratings. Source: Bloomberg

Corredores Asociados S.A. Comisionista de Bolsa is not responsible for investment decisions that may be derived from the information and analyses presented in this document. These decisions, their effects and consequences will be the sole responsibility of the investor. The information published is informative and has been taken from reliable sources, but Corredores Asociados S.A. does not guarantee that they are free of errors. Total or partial reproduction of this document is not allowed without the prior and express authorization of Corredores Asociados S.A.

To View Complete Report: 7-31-14

More Info: Newswire

This news is published on the Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: Learn more about publishing your news release on the newswire

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: Global investors must adhere to regulations of each country.

Join Investor Ideas Members to access the Renewable Energy stocks directory, water stocks, biotech stocks, defense stocks directories and the Insiders Corner


Investor Ideas © 2000 - 2015®, ECON


login | logout | about us | contact | disclaimer / disclosure |
partners / links | job search | privacy policy |
advertise | trade | sitemap |