International. The World Group reported that during 2013, under the presidency of Santiago Piedrahíta (photo), it obtained consolidated sales in its different businesses for $2.57 billion pesos, with an increase of 22.5% compared to the previous year.
EBITDA increased 53.3% to $392,353 million. Net Income was $88,225 million, growing 80.7%.
The World Group considers the year as positov for its businesses, both in sales and profits, highlighting the paint sectors in the Andean area; and the performance of the chemical business in Colombia and Ecuador.
Excluding the operation of Venezuela (controlled without shareholding) and referring only to the consolidated Of World Investments, sales reach $ 1.70 billion with a growth of 11.5%, Ebitda reaches $ 163,532 million with a growth of 15%. Net income is $88,225 million, growing 80.7%. Assets amounted to $1.7 trillion and equity to $875.98 billion.
In 2013 the World Group consolidated ownership of the remaining 49% of the marketer Inproquim, starting in February, and sold its stake in Prodenvases in July. In 2013 there was another notable business for the Group: the sale of Tintas S.A., which materialized on January 2, 2014.
* Image courtesy of Grupo Mundial.
