Grupo Energía Bogotá S.A. E.S.P. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 22, 2024 at 09:02 am
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Grupo Energía Bogotá S.A. E.S.P. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was COP 2,047,000 million compared to COP 1,832,000 million a year ago. Revenue was COP 2,047,000 million compared to COP 1,833,000 million a year ago. Net income was COP 296,000 million compared to COP 767,000 million a year ago.
For the full year, sales was COP 7,978,433 million compared to COP 6,874,591 million a year ago. Revenue was COP 7,978,433 million compared to COP 6,874,591 million a year ago. Net income was COP 2,592,744 million compared to COP 2,852,795 million a year ago. Basic earnings per share from continuing operations was COP 301.53 compared to COP 329.69 a year ago.
Grupo Energia Bogota SA ESP (GEB), formerly Empresa de Energia de Bogota SA ESP, is a Colombia-based company engaged in the natural gas utilities industry. The Company's activities are divided into four segments: Natural Gas Distribution, responsible for the distribution of natural gas through mains to individual and commercial customers; Natural Gas Transmission, offering transportation of natural gas to cities; Electricity Distribution, distributing electric power to individual and commercial customers, and Electricity Transmission, operating power transmission systems. In addition, the Company offers engineering and leasing services, as well as additional services related to electricity and natural gas. It operates in Colombia, Peru and Guatemala, among others. It owns a number of subsidiaries, such as Transportadora de Energia de Centroamerica SA (TRECSA) and Contugas SAC, among others. The Company is controlled by Capital District of Bogota, a local government.
GRUPO ENERGÍA BOGOTÁ S.A. E.S.P. 
