|By PR Newswire||
|March 28, 2014 12:00 PM EDT||
-- In 2013, Grupo SURA (BVC: GRUPOSURA – PFGRUPSURA) obtained COP 781,794 million (USD 405.7 million), in net profits for a growth of 43.2%.
-- Its General Shareholders' Meeting approved a 15 % increase in dividends for this coming 12-month period.
-- Grupo SURA's core investments attends more than 34 million clients in a total of 9 countries in Latin America.
MEDELLIN, Colombia, March 28, 2014 /PRNewswire/ -- At the end of Grupo SURA's (BVC: GRUPOSURA – PFGRUPSURA) General Shareholders' Meeting held in Medellin, the Company confirmed the excellent results obtained from its core strategy and announced that it shall continue to focus on growth through innovation, building greater synergies and expanding and developing its markets.
As the market was informed in recent days, one of the more important achievements last year in terms of the Company's financial results was having obtained COP 781,794 million (USD 405.7 million) in net profits, for a YoY increase of 43.2 %. This was largely due to a 38.3% YoY increase in operating revenues totaling COP 924,511 million (USD 479.8 million). Other important highlights included the following:
- COP 437,433 million (USD 227.0 million) in earnings reported via the equity method, showing a growth of 35.9%, of which COP 213,295 million (USD 110.7 million) corresponded to Suramericana S.A. and COP 279,910 million (USD 145.3 million) to Sura Asset Management S.A..
- In non-operating expenses, interest payable account fell by 47.9 % , given the Company's lower level of indebtedness.
- Total liabilities therefore declined by 14.1% to COP 762,782 million (USD 395.9 million) at year-end 2013.
Based on this level of results, the Shareholders approved a proposal submitted by the Company's Board of Directors regarding a dividend increase of 15%, that is to say COP 390 per share over the upcoming 12-month period. Consequently, Grupo SURA shall be paying out a total of COP 255.498 million (USD 133 million) in shareholder dividends in the form of 4 quarterly installments.
For its part, SURA Asset Management S.A., Grupo SURA's subsidiary in the pension, savings and investment sector ended with COP 219.2 billion (USD 113.2) billion in Assets Under Management for a YoY growth of 13.5%. As for its consolidated financial results, this Company posted operating revenues of COP 3.1 billion (USD 1.6 billion), which were 47.3% higher than for year-end 2012. Sura Asset Management S.A. continues to lead the Latin America Pension Fund market with a total of 16.7 million clients in 6 different countries, 9,822 employees and a market share of 23.4%.
Suramericana S.A., Grupo SURA's Insurance and Social Security subsidiary, with a presence spanning 4 Latin American countries, reported COP 6.0 billion (USD 3.1 billion) in subsidiary income along with net subsidiary profits of COP 353 thousand million (USD 183 million). Its Shareholders' Equity came to COP 2.1 billion (USD 1.1 billion) at year-end 2013. This level of performance, from both the financial and business standpoints continues to show SURA's driving force within the Latin American insurance industry.
On the other hand, in 2013, the amount of international funds holding shares in Grupo SURA rose by 34% from 497 to 665. This reflects not just the Company's robust financial position but also its adherence to high international standards which are important benchmarks for these firms to base their investment decisions.
Also, Grupo SURA was included for the third year running in the Dow Jones Sustainability World Indices given its performance both at home and abroad. This sustainability index plays an important role on the global stock exchanges, given the growing importance amongst the worldwide investor community to receive feedback and assessments with regard to the long-term business models and practices of potential investees.
Grupo SURA also announced the progress made so far in getting ready for the changeover to the new IFRS (International Financial Reporting Standards) accounting system, as required by the Colombian Regulatory Agencies. Also it shall be working on implementing the Sarbanes Oxley Act, which shall allow it to deploy advanced Corporate Governance and Information Transparency practices, thereby complementing the Company's efforts in this respect.
About Grupo SURA
Grupo de Inversiones Suramericana –GRUPO SURA- is a Latin American company listed on the Colombian Stock Exchange and registered with the ADR- Level 1 program in the United States. . We are also the only Latin American corporation from the miscellaneous financial service sector to be admitted to the Dow Jones Sustainability Index (DJSI), which tracks companies who have become global benchmarks thanks to the best practices they have adopted from the economic, environmental and social standpoints. GRUPO SURA has two fields of investment: its core strategic interests in the financial service, insurance, pension, savings and investment sectors; and its portfolio interests in the processed food, cement and energy sectors.
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, provided an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data professionals...
Dec. 3, 2016 11:00 PM EST Reads: 4,121
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 3, 2016 11:00 PM EST Reads: 941
@DevOpsSummit taking place June 6-8, 2017 at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
Dec. 3, 2016 09:30 PM EST Reads: 1,759
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
Dec. 3, 2016 09:30 PM EST Reads: 1,597
In his session at 19th Cloud Expo, Claude Remillard, Principal Program Manager in Developer Division at Microsoft, contrasted how his team used config as code and immutable patterns for continuous delivery of microservices and apps to the cloud. He showed how the immutable patterns helps developers do away with most of the complexity of config as code-enabling scenarios such as rollback, zero downtime upgrades with far greater simplicity. He also demoed building immutable pipelines in the cloud ...
Dec. 3, 2016 08:00 PM EST Reads: 1,742
The cloud competition for database hosts is fierce. How do you evaluate a cloud provider for your database platform? In his session at 18th Cloud Expo, Chris Presley, a Solutions Architect at Pythian, gave users a checklist of considerations when choosing a provider. Chris Presley is a Solutions Architect at Pythian. He loves order – making him a premier Microsoft SQL Server expert. Not only has he programmed and administered SQL Server, but he has also shared his expertise and passion with b...
Dec. 3, 2016 08:00 PM EST Reads: 3,950
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
Dec. 3, 2016 06:15 PM EST Reads: 1,510
"IoT is going to be a huge industry with a lot of value for end users, for industries, for consumers, for manufacturers. How can we use cloud to effectively manage IoT applications," stated Ian Khan, Innovation & Marketing Manager at Solgeniakhela, in this SYS-CON.tv interview at @ThingsExpo, held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 3, 2016 05:30 PM EST Reads: 4,040
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Dec. 3, 2016 05:15 PM EST Reads: 2,137
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Onalytica. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
Dec. 3, 2016 05:15 PM EST Reads: 1,998
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
Dec. 3, 2016 04:30 PM EST Reads: 1,473
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, discussed using predictive analytics to mon...
Dec. 3, 2016 04:00 PM EST Reads: 4,859
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
Dec. 3, 2016 03:30 PM EST Reads: 1,591
Information technology is an industry that has always experienced change, and the dramatic change sweeping across the industry today could not be truthfully described as the first time we've seen such widespread change impacting customer investments. However, the rate of the change, and the potential outcomes from today's digital transformation has the distinct potential to separate the industry into two camps: Organizations that see the change coming, embrace it, and successful leverage it; and...
Dec. 3, 2016 03:15 PM EST Reads: 3,222
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
Dec. 3, 2016 03:00 PM EST Reads: 477