At the meeting of the Board of Shareholders, Colombian Mercantile Exchange (BMC), financial statements were approved as of December 31, 2021, reporting a profit of $16,124 million, representing a 2% increase over the previous year’s results. Return on equity, also known as ROE, reached 19.61%.
Likewise, the dividend distribution project, which presented $13,777.9 million to the Assembly, was also approved. BMC will pay a dividend of $232.74 for each of the shares, less than the $236.88 it paid for fiscal 2020; but with a return of 15.8%.
In line with its sustainability strategy, BMC presented its management report within the scope of the Global Reporting Initiative (GRI) standard.
“It is extremely important to demonstrate our commitment to sustainability while creating value for shareholders. “The report positions us at the highest standards a listed company can have in terms of transparency with investors and the market,” said María Inés Agudelo, President of BMC.
Within the scope of its sustainable growth plans, BMC aims to double its revenues to reach 117,000 million by 2026, increase its operational efficiency and increase product diversity.
“Efforts are being made for sustainable growth. This means diversifying our revenues and allowing expenses to grow in a controlled manner. As part of our aim to create efficient markets and non-bank financing, we are developing the energy trading mechanism this year and
electronic invoices,” said Agudelo, “we want to be a strong gas broker in data and analytics, and also develop and deepen other non-bank financing products, such as a single product of the Stock Exchange, IGOs, where they offer financing to small and medium-sized companies.
During the session, a $35,000 million reduction in capital was also approved with effective repayment of contributions, subject to the authorization process by the Colombian Financial Inspectorate (SFC).
Source: Lare Publica
