Constructora Conconcreto S.A. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 06, 2021 at 08:06 pm IST
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Constructora Conconcreto S.A. Announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was COP 175,866.259 million compared to COP 94,737.208 million a year ago. Operating income was COP 35,243.809 million compared to COP 5,564.246 million a year ago. Net income was COP 28,326.063 million compared to COP 2,165.328 million a year ago. Basic earnings per share from continuing operations was COP 24.97 compared to COP 1.91 a year ago. For the half year, sales was COP 314,910.276 million compared to COP 264,442.656 million a year ago. Operating income was COP 48,742.770 million compared to COP 40,062.221 million a year ago. Net income was COP 40,913.875 million compared to COP 22,189.379 million a year ago. Basic earnings per share from continuing operations was COP 36.07 compared to COP 19.56 a year ago.
Constructora Conconcreto SA is a Colombia-based company primarily engaged in the engineering and construction sector. The Companyâs activities include the design, maintenance and development of nonresidential properties, which are structured in four divisions: Commerce and Institutional, which comprises hypermarkets and supermarkets, hospitals, hotels, institutional buildings, sporting and cultural centers and shopping centers; Industry, which includes production plants, docks, pipelines, warehouses and distribution centers; Infrastructure, which specializes in the construction and maintenance of bridges, roads, tunnels, power stations and massive transport systems, and Housing, active in the development of single and multifamily residential properties. As of December 31, 2011, the Company owned such subsidiaries as Consorcio Mercantil Colombiano SA, Inmobiliaria Conconcreto SAS and Inverdi SAS. On October 11, 2012, the Company acquired a 100% stake in Inversiones Worldwide Storage SA.