Construcciones El Condor S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 13, 2022 at 01:14 am EDT
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Construcciones El Condor S.A. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was COP 193,662.37 million compared to COP 125,961.14 million a year ago. Revenue was COP 193,662.37 million compared to COP 125,961.14 million a year ago. Net loss was COP 8,094.33 million compared to net income of COP 24,960.27 million a year ago. Basic loss per share from continuing operations was COP 14.09.
For the six months, sales was COP 358,046.73 million compared to COP 291,402.03 million a year ago. Revenue was COP 358,046.73 million compared to COP 291,402.03 million a year ago. Net loss was COP 17,519.74 million compared to COP 7,675.86 million a year ago. Basic loss per share from continuing operations was COP 30.5 compared to COP 13.36 a year ago.
Construcciones el Condor SA is a Colombia-based company primarily engaged in the construction sector. The Company is mainly involved in the study, design, management and construction of industrial projects, including energy, mining, oil and gas, public services and transport industry. The Companyâs portfolio comprises a number of constructions, such as roads, hydroelectric plants, metro lines, bridges and tunnels. The Company also provides civil engineering services, including earthmoving and excavation. In addition, the Company invests in other companies, which are involved in the construction of airport infrastructure, roads development, coal mining industry and electrical power generation, among others.