Organización Terpel S.A. reported consolidated earnings results for the first quarter of 2018. For the quarter, the company's revenues were COP 4,112.5 billion compared to COP 3,588.9 billion a year ago. EBITDA was COP 157.9 billion compared to COP 161.1 billion a year ago. Net loss was COP 7.7 billion compared to net profit of COP 46.0 billion a year ago. COP 41 billion CAPEX in first quarter 2018, was invested mainly in the incorporation of new company owned and dealer owned SS to the network, refurbishment of existing SS as well as the building of new convenience stores (Altoque), car wash services (Ziclos) and operational investments needed in storage plants.