As a result of the above-mentioned dynamics of our businesses and with growth in all their strategic pillars, Grupo Argos reached consolidated revenue of 14.6 trillion pesos, which represents an increase of 15% against 2015.
The consolidated EBITDA grew to 3.6 trillion pesos, with an increase of 37%.
The EBITDA margin increased by 400 basis points, reaching 25%, thanks to good results of the cement business, the consolidation of Odinsa and the recovery of the power generation business.
The consolidated net profit generated by Grupo Argos was $1.1 trillion, which represents a growth of 75% in comparison to 2015, and net income of the parent company was 589 billion pesos.
On a consolidated basis, assets of Grupo Argos amounted to 45 trillion pesos and increased 7% against 2015. Liabilities rose 10% to $21 trillion. Equity amounted to $24 trillion, 3% greater than in 2015.
In the separate financial statements, Grupo Argos recorded operational revenue of $1.1 trillion, an EBITDA of $518 billion and a net profit close to $352 billion, which means a 11% decrease year to year. This decrease is generated by the reduction in revenue of financial activity, given the minor divestitures of portfolio made during 2016.
*The figures correspond to the consolidated results of each company and not to the contribution that these businesses make to the Grupo Argos results.