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The Colombian Grupo SURA almost doubles its first quarter profit

The Colombian Grupo SURA almost doubles its first quarter profit

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May 15 (Reuters) – The net profit of Grupo SURA, Colombia’s largest private equity firm, nearly doubled in the first quarter compared to the same period last year, the company said in a statement on Monday.

The company posted a net profit of 834.3 billion pesos for the January to March period, while its quarterly revenue rose nearly 40% to 9.6 trillion pesos. (Reporting by Valentine Hilaire and Luis Jaime Acosta; editing by David Alire Garcia)

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