SBC Summit Latinoamérica Marks Record-Breaking Year sbcnews.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sbcnews.co.uk Daily Mail and Mail on Sunday newspapers.
Colombia's Grupo SURA Cuts 2023 Guidance, Raises Mid-Term Outlook After Nutresa Deal usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Grupo SURA, Colombia's largest investment company, on Tuesday cut its 2023 net profit forecast to between 2,400 and 2,700 pesos per share, following an agreement earlier this year to divest its stake in food processing firm Nutresa. However, the group, which had previously forecast a profit of 3,700 to 4,200 per share, predicted in a quarterly earnings call that its profit would rise beyond prior forecasts next year and surpass these by 15% in 2025. Jaime Gilinski, one of Colombia's richest men, had in May agreed to exit the stake held by his Grupo Gilinski conglomerate in Grupo SURA, in exchange for a controlling stake of at least 87% in Nutresa.