Reuters

UPDATE 1-Colombia’s Grupo SURA posts near-stable Q3 profit as revenues, costs grow

Net profit at Grupo SURA, Colombia’s largest investment company, stayed relatively stable in the third quarter compared to the year-ago period as both revenues and costs grew, the company said in a statement on Friday. Grupo SURA’s revenue for the quarter hit 7.85 trillion pesos, up 19% from the year before, on double-digit growth in its insurance sector. Operational costs for the company also grew, however, rising some 16% from the year-ago quarter.