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Home » UPDATE 1-Colombia’s Grupo SURA sees higher 2024 earnings per share

UPDATE 1-Colombia’s Grupo SURA sees higher 2024 earnings per share

    Grupo SURA, one of Colombia's largest investment firms, said on Friday it expects its earnings per share to rise and its net profit to decrease in 2024, when excluding the effects of recent divestments and asset sales that have reshaped the company. The company on Thursday published its fourth-quarter 2023 financial results, which saw its net profit down 41% year-on-year after it divested its stake in food processing firm Nutresa and sold operations in Argentina and El Salvador. Looking ahead, earnings per share are seen between 4,100 Colombian pesos and 4,600 Colombian pesos in 2024, up from 4,002 pesos ($1.02) last year when excluding the latest transactions, a company presentation showed.

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