Higher financial income drives Colombia’s Grupo SURA to 30.3% jump in Q2 profits

The Grupo Sura brand will be seen at its headquarters in Medellin, Colombia February 27, 2018. REUTERS/Fredy Builes

Aug 12 (Reuters) – Web revenue at Grupo SURA, Colombia’s largest funding firm, rose 30.3% within the second quarter from the year-earlier interval, boosted by greater monetary earnings and decrease COVID claims, the corporate mentioned in an announcement on Friday.

The agency’s internet revenue for the three-month interval climbed to 557.6 billion pesos ($132 million).

Grupo SURA’s income for the quarter hit 7.5 trillion pesos, up 23.1% from the yr earlier than, being the quarter with the best revenues within the firm’s historical past, in line with the assertion.

The corporate mentioned its internet earnings mirrored an uptrend with its completely different strains of insurance coverage, and that COVID claims declined

by 97% in comparison with the identical interval final yr.

Grupo SURA operates in additional than 10 international locations by way of holdings in monetary companies, foodstuffs, cement, power and infrastructure, in addition to funding corporations.

($1= 4,231.45 Colombian pesos)

Reporting by Valentine Hilaire

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