Avianca Holdings’ net loss totaled US $ 311,680,000 in the first quarter. Terpel and Sura earned $ 133,247 million and $ 211,188 million, respectively.
Avianca Holdings, Grupo Sura and Terpel joined the companies that at this time report their financial results for the first quarter.
The aviation company reported operating income of US $ 371,433,000 at the end of the first three months of the year. The figure is almost a third of the income reported in the same period of 2020 (US $ 943,920,000), a period in which the economic consequences of the pandemic were not yet fully felt.
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Avianca Holdings’ net loss totaled US $ 311,680,000 in the first quarter, considerably higher than that reported for the first quarter of 2020 (US $ 121,195,000).
Avianca Holdings’ total liabilities totaled US $ 8,202,430,000 at the end of the first quarter, a figure higher than that reported as of December 31, 2020 (US $ 8,162,266,000), and a negative total equity of US $ 1,570,721,000.
Organization Terpel, for its part, reported total liabilities of $ 5.1 trillion in the first quarter, a figure higher than that reported at the end of December 2020 ($ 5.06 trillion). The company increased its equity, which went from $ 1.99 billion at the end of last year to $ 2.22 billion as of March 2021.
The organization’s profit amounted to $ 133,247 million, compared to $ 1,862 million reported at the end of the first quarter of 2020.
Grupo Sura, for its part, reported consolidated net income during the first quarter of $ 211,188 million, “an improvement compared to the loss recorded in the first quarter of last year, which was mainly affected by the devaluation of the markets in the region.”
Total revenues totaled $ 5.6 trillion, “with a growth of 13.7% compared to the same period of the previous year,” the company reported.
“The company and its subsidiaries continued to advance in their debt reduction process with amortizations for $ 64,082 million in Grupo SURA and $ 275,966 million in SURA AM. Grupo SURA (holding) net debt totaled $ 4.38 billion, reflecting an increase of $ 28.479 million in the financial statements (net of hedging derivatives) ”.
