1 bn in net profit for Grupo EPM in 2020

The state-owned Grupo EPM published yesterday its 2020 financial statement. Operation revenues grew by 8%, up to $5.4 billion (Co$ 19.8 billion), compared to 2019. About 87% of its operating income came from its energy-related portfolio. Its net profits rose by 19% to $1 billion (Co$ 3.7 billion), of which $386 million will directly be transferred to the municipality of Medellin.

Source: Valoraanaltik