Tecnoglass posts (COP) $ 308 billion in sales
In the first nine months of the year Tecnoglass SA had sales of (COP) $ 308 billion, representing an increase of 70.9% compared with the same period last year ((COP) $ 180 billion).
Net sales in the third quarter of this year totaled (COP) $ 125.688 million, as reported by the company in a statement.
The 42% of total sales recorded between January and September this year were represented by international negotiations, while in 2014 that share was only 29%.
The operating profit of the company was (COP) $ 51 billion with an increase of 165.9% compared to last year as foreign sales increased.
This increase in sales is due to the new facilities producing Soft Coat (Low-E) glass that began operations in September 2015 with 700 new employees. Also, other projects that the company has put forward to increase production capacity in recent months.
On the other hand, Tecnoglass subsidiary Energía Solar S.A. reported sales between January and September this year of (COP) $ 291 billion, with an increase of 50.4% from the same period last year ($ 193 billion). 62% of total company sales in this period Are due to sales abroad.
Net sales of the company in the third quarter of this year totaled (COP) $ 119 billion.
Source: El Heraldo, Business Wire