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

(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 revenue and decrease COVID claims, the corporate stated in an announcement on Friday.

The agency’s web 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 12 months earlier than, being the quarter with the very best revenues within the firm’s historical past, in line with the assertion.

The corporate stated its web revenue mirrored an uptrend with its totally different strains of insurance coverage, and that COVID claims declined

by 97% in comparison with the identical interval final 12 months.

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

($1= 4,231.45 Colombian pesos)

(Reporting by Valentine Hilaire)