• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
Ecuador already has 21 water protection areas
The pandemic hid cases of trafficking, but did not stop them
Ecuadorian bananas will have a 1% annual tax reduction in China
Ecuador will sell animal feed to Colombia because of landslide
Alexis Mera gets pre-release after three and a half years in prison
Jorge Glas Unification of Sentences Granted
Ecuador declares illegal mining a threat to state security
International Reserves registered their highest level since the start of dollarization
Government denounces 28 candidates for links to drug trafficking
Constitutional Court dismissed the 7 members of the Council for Citizen Participation and Social Control

The net profit of Ecopetrol grew by 180% in the first half of 2018

Posted On 16 Aug 2018

Ecuadornews:

The net profit of the Colombian state company Ecopetrol was 6.1 billion pesos (about 2,024.5 million dollars) in the first half of 2018, which represents a 180% increase compared to the same period in 2017, when It was 2.1 trillion pesos (about 696.96 million dollars).

With respect to the second quarter of 2018, the company reported in a statement that the net profit amounted to 3.5 billion pesos (about 1,161.6 million dollars), an increase of 170% compared to the 1.3 billion pesos (about 431.45 million pesos) for the same period of 2017.

According to Ecopetrol, the results were possible “thanks to the optimal operation of the different segments of the company, to financial discipline and to the best prices of crude oil”.

They also detailed that the Ebitda margin in the second quarter was 51%, which is the highest in the history of the Ecopetrol Group.

Ecopetrol’s production in the second quarter of 2018 reached 721,000 barrels of oil equivalent per day, which is 2.8% more than in the first quarter and is the highest of the last seven quarters, the report added. (I)

Source: https://www.larepublica.ec/blog/economia/2018/08/15/la-utilidad-neta-de-ecopetrol-crecio-un-180-en-el-primer-semestre-de-2018/

About the Author
  • google-share
Previous Story

Green Latin America opened its fifth edition in Guayaquil

Next Story

Some 2.5 million taxpayers could benefit from the Law of Productive Development

SEARCH

LATEST NEWS

Ecuador already has 21 water protection areas

Posted On 31 Jan 2023

The pandemic hid cases of trafficking, but did not stop them

Posted On 30 Jan 2023

Ecuadorian bananas will have a 1% annual tax reduction in China

Posted On 30 Jan 2023
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net