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Consolidated statement of profit or loss - COP ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Consolidated statement of profit or loss      
Sales revenue $ 143,189,602 $ 159,611,078 $ 91,881,204
Cost of sales (88,178,198) (89,458,148) (55,581,776)
Gross profit 55,011,404 70,152,930 36,299,428
Administrative expenses (5,025,797) (4,335,695) (3,342,069)
Operations and project expenses (5,702,162) (4,743,628) (3,153,557)
Impairment of non-current assets (2,098,333) (287,999) (33,351)
Other operating expense (426,131) (555,855) (72,744)
Operating income 41,758,981 60,229,753 29,697,707
Financial result      
Finance income 2,320,969 1,317,145 403,592
Finance expenses (10,384,065) (8,027,252) (4,431,648)
Foreign exchange gain (loss) 2,397,712 (124,650) 330,002
Financial result (5,665,384) (6,834,757) (3,698,054)
Share of profits of associates and joint ventures 805,349 768,422 426,164
Profit before income tax expense 36,898,946 54,163,418 26,425,817
Income tax expense (11,515,875) (18,963,938) (8,795,263)
Net profit for the year 25,383,071 35,199,480 17,630,554
Net profit attributable to:      
Owners of parent 21,060,798 31,604,781 15,649,143
Non-controlling interest 4,322,273 3,594,699 1,981,411
Net profit for the year $ 25,383,071 $ 35,199,480 $ 17,630,554
Basic earnings per share (Colombian pesos) $ 512.2 $ 768.7 $ 380.6
Diluted earnings per share (Colombian pesos) $ 512.2 $ 768.7 $ 380.6