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  • Grupo Aval reports 2016 results

    3/28/17
    PRESS RELEASE by Grupo Aval Bogotá, March 27th , 2017. GRUPO AVAL ACCIONES Y VALORES S.A. ("Grupo Aval") reports a consolidated attributable net income result of Ps 458.4 billion for 4Q16 versus a Ps 613.9 billion figure reported...

  • PetroRio eager to widen asset breadth

    3/28/17
    Brazil's PetroRio is eyeing new acquisitions after concluding its takeover of local junior Brasoil, the Rio de Janeiro-based oil producer said in a quarterly earnings presentation. The announcement came as the company formerly...

  • Colombia's ETB narrows net loss

    3/28/17
    Colombian state telco ETB narrowed its net loss to 255bn pesos (US$87.9mn) last year, from a loss of 36.5bn in 2015 and 38bn in 2014. Earlier this month, the company lost its investment grade from Fitch Ratings, and the board of...

  • Caixa's net income disappoints in 2016

    3/28/17
    Brazil's Caixa Econômica Federal recorded net income of 691mn reais (US$220mn) in the fourth quarter of 2016, up 11.2% year-on-year but down 30.8% compared to 3Q16. For full-year 2016, the state-run bank posted a profit of 4.14bn...