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We experienced a 27% increase in our group´s production compared to the first quarter of 2009, the greatest increase since the beginning of our growth strategy.
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Our income, operating profit and Ebitda kept growing. Ebitda margin is the highest in the last seven quarters and operating margin is the highest in the last six quarters.
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Organic investment increased 31% compared to the first quarter of 2009 and our estimated financing needs for fiscal year 2010 decreased.
Ecopetrol S.A.announced today its unaudited results for the first quarter of 2010, prepared and filed in accordance with the Regime of Public Accounting (Regimen de Contabilidad Pública or RCP) of the National Accounting Office, in Colombian pesos (COP$).
See all report.
Bogotá, April 26 of 2010