15.08.2017 23:04:37

GRUPO SURA: Profit Falls 50.5% In Q2 As Costs Increase

(RTTNews) - Colombia's Grupo de Inversiones Suramericana reported a net profit of 231 million Colombian pesos (US$ 77.8 thousand) for the second quarter of 2017, down 50.5% on year as higher growth in expenses offset a revenue increase.

Total revenues in the second quarter grew 18.3% from a year before, to 4.941 billion Colombian pesos, boosted by retained premiums and investment income. However, the total expense increased 24.4%, to 4.557 billion, amid a 31.6% rise in retained claims, to 1.518 billion pesos.