-- Ratified in the Dow Jones Sustainability Index and an
increased international investment position back the Company's
results at the end of Q3.
-- Accumulated operating revenues amount to COP 702,313 million (USD
368 millions) displaying a 28% annual growth, while revenues
in Q3 were COP 304,919 million
(USD 160 million).
-- The Company's accumulated net profit closed at
COP 593,647 million (USD 311 million), climbing 29% compared to the
same period of 2012.
-- Assets reached COP 22.3
billion (USD 11.7 billion)
exhibiting an 8.2% increase during the quarter. Equity closed at
COP 21.5 billion (USD 11.3 billion) with a 9.3% increase in the
quarter.
-- The net financial indebtedness coefficient of Grupo SURA
is set at 2.2%, ratifying its sound financial position.
MEDELLIN, Colombia,
Nov. 1, 2013 /PRNewswire/ -- Grupo
SURA presented its 3Q13 results, a period that highlights operating
revenues amounting to COP 304,919
million (USD 160 million). The
above represents, so far this year, a total sum of COP 702,313 million (USD
368 million) with a 28% annual growth.
Likewise, the accumulated net profit was COP 593,647 million (USD
311 million), with a 29.3% annual increase. Net contribution
in the quarter was COP 244,217
million (USD 128 million),
which represents a 293% increase compared to 2Q13, and 89% higher
than the same period in 2012.
The sound performance in 3Q13 is based on the good operating
results of subsidiaries Suramericana and SURA Asset Management, and
on the recovery of global markets reflected on investment yields as
well as the dividends registered on the income statement of Grupo
SURA.
Figures backing the sound financial position
On the other hand, the Company's assets reached COP 22.3 billion (USD 11.7
billion), a figure that displays an 8.2% increase compared
with June, 2013, and a 3.15% increase at the end of 2012. With
regards to Total Liabilities, a 15.8% decrease was achieved in the
quarter, with closes at September with a historically low financial
indebtedness coefficient of 2.2%. In addition, the result of the
rating revision made by Standard & Poor's is worth
highlighting, which climbed from BBB- to BBB with stable outlook.
This improved rating sheds light on the Company's strengths in
terms of the consolidation of its operations in Latin America, the performance of its
businesses in different countries, the financial soundness of its
investments. Indeed, S&P acknowledges, among others, the
Company's flexibility to access capital, sound investments
portfolio, and stable flow of dividends.
Moreover, the financial results are supported by the Company's
inclusion, for the third year in a row, in the Dow Jones
Sustainability Global Index, which assesses the social, economic
and environmental performance of organizations. Grupo SURA obtained
an important valuation in the economic setting, displaying one of
the best scores.
It is also worth highlighting that the Company in Q3
successfully completed the merger process after acquiring 50% of
AFP Horizonte in Peru, a process
made by SURA Asset Management, subsidiary of Grupo SURA. The merger
was completed within the terms set forth when the purchase was
announced. The pension funds of subsidiaries rising from AFP
Horizonte, assigned to AFP Integra, are already being managed by
this pension fund manager of SURA, turning Integra into a largest
pension fund of Peru.
"We are extremely satisfied with the Company's results of the
end of the quarter. Operations in different countries still display
a good performance, our growth plans are still underway in
accordance with the estimates made, and the market performance was
favorable as well. Likewise, today we have a historically low debt
indicator thanks to a rigorous plan implemented for this purpose
since early 2012, which confirms the Company's sound financial
standing," said David Bojanini, President of Grupo SURA.
About GRUPO
SURA
Grupo de Inversiones Suramericana -Grupo SURA- is a Latin
American company that listed on BVC, the Colombian Stock Market,
and is registered in the ADR – Level I program in U.S.A. In
addition, Grupo SURA is the only Latin American entity of the
Diverse Financial Services setor that is listed in the Dow Jones
Sustainability Index, which in turn acknowledges the companies that
stand out worldwide for their sound economic, environmental and
social practices. GRUPO SURA has two
types of investments: strategic, targeting the financial services,
insurance, pensions, savings and investment. The investments
portfolio primarily includes the sectors of processed foods, cement
and energy.
Contact:
Luis Eduardo
Martinez
Investor Relation
(574) 435 5628
Email: lemartinez@gruposura.com.co