(Reuters) – Net profit at Grupo SURA, Colombia’s largest investment company, stayed relatively stable within the third quarter in comparison with the year-ago period as each revenues and costs grew, the corporate said in a press release on Friday.
The firm’s net profit for the three-month period stood at 400.30 billion pesos ($83.29 million), dipping 2% year-on-year.
Grupo SURA’s revenue for the quarter hit 7.85 trillion pesos, up 19% from the 12 months before, on double-digit growth in its insurance sector.
Operational costs for the corporate also grew, nevertheless, rising some 16% from the year-ago quarter. SURA said it might proceed to give attention to cost control and efficiency, adding the rise in costs was still lower than the jump in revenue.
($1= 4,806.07 Colombian pesos)
(Reporting by Kylie Madry and Noe Torres; Writing by Valentine Hilaire, Editing by Isabel Woodford)
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