In Colombia, the consolidated operating income totaled COP 6,7 trillion, with a growth rate of 7,9%, and represented 60,1% of Grupo Nutresa’s total revenue. The international sales, which amounted to COP 4,4 trillion, were 18,1% higher than the equivalent 2019 sales and represented 39,9% of the total revenue. In dollars, these revenues are equivalent to 1.199,7 million, growing 5,0% in relation to the past year.
The gross profit, which totaled COP 4,7 trillion, grew 6,1% with regard to the profit achieved in 2019. This increase is lower that the rise in the revenues for the period, mainly due to the higher costs of the commodities in some countries of our strategic region over the year.
The operating profit reached COP 1,0 trillion, representing a 6,6% improvement compared to 2019. This is the result of consistent work focused on the efficiency and productivity in the administrative, sales and production expenses during a period that required additional efforts to continue with the operation. In terms of profitability, the EBITDA totaled COP 1,4 trillion, representing a 7,2% increase compared to 2019, with a margin on sales of 13,0%.
The net post-operative expenses amounted to COP 204.255 million, 9,0% lower than last year’s expenses. This is explained by a 7,8% rise in the financial income due to Grupo Nutresa’s good cash position over the year and a 6,4% reduction in financial expenses from lower interest rates.
The consolidated net profit of the period was COP 575.441 million, representing a double-digit growth of 14,3% and a 5,2% margin over sales.
In the Statement of Financial Position, the Company reports assets for COP 15,5 trillion, with a decrease of 0,8% in relation to 2019. This reduction is explained by the lower market value of the Organization’s investments over the term due to the volatility and uncertainty in the global markets associated with the pandemic.
In terms of total liabilities, Grupo Nutresa recorded a 4,3% increase with a total value of COP 7,3 trillion mainly due to the financial loans taken as a preventive measure for ensuring the Company’s liquidity.
The equity amounted to COP 8,3 trillion, presenting a decrease of 4,9% compared to 2019.