International. The Business Organization Grupo Orbis S.A. reported its results for 2014, with consolidated sales of 1.87 billion pesos (about US$742 million) and net profit of $76,265 million (about $30,200 million), after a year in which the great commercial dynamics of its Paints (Pintuco) and Chemicals (Andercol) businesses in Colombia stood out. and Aguas (O-tek) in Colombia and Argentina.
The result also includes the non-recurring expenses associated with the transformation process in the Commerce business and some non-recurring extraordinary events in the Brazilian business.
During 2014, the Orbis group made acquisitions of assets and chemical companies in Colombia and Brazil, expanded its network of Pintacasa stores and participated in important water infrastructure projects in Argentina, Colombia and Central America.
Likewise, the company restructured its trade business and sold the operations of Tintas in Colombia and Epoxa in Chile. It also updated the conversion of Venezuela's results due to the impact of the consolidated result by translating into Colombian pesos in 2014, at a much more realistic rate enabled in that year by the Venezuelan government.
Within the paint business, Orbis plans to open 100 more stores in the region in 2015 through its Pintacasa brand. Currently, they have 235 of these stores in Colombia and 277 total stores throughout the region.
