Ecopetrol Q1 Net Income Attributable To Owners COP 4.012T Down From COP 5.660T YoY, Sales COP 31.30T Down From COP 38.854T YoY
Portfolio Pulse from Benzinga Newsdesk
Ecopetrol reported a decrease in Q1 net income attributable to owners, down to COP 4.012 trillion from COP 5.660 trillion year-over-year. Sales also decreased to COP 31.30 trillion from COP 38.854 trillion YoY.
May 08, 2024 | 7:24 am
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Ecopetrol's Q1 earnings report shows a significant decrease in net income and sales compared to the previous year.
The reported decrease in both net income and sales for Ecopetrol in Q1 is likely to negatively impact investor sentiment and could lead to a short-term decrease in stock price. The significant year-over-year declines highlight operational or market challenges that the company is facing, which investors may view unfavorably.
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