Ecopetrol Q3 Net Income Declines - Quick Facts

(RTTNews) - Ecopetrol S.A. (EC) reported that its third-quarter net income attributable to owners of company was 229 billion Colombian pesos compared to 654 billion pesos, prior year. Ecopetrol Group reported an EBITDA of 4.9 trillion pesos and an EBITDA margin of 40%.

Juan Carlos Echeverry, CEO, said: "Ecopetrol has attained a strong operating and financial performance during the third quarter of 2016, reporting the highest level of EBITDA and EBITDA margin in the last five quarters."

Third-quarter total sales were down to 12.18 trillion Colombian pesos from 13.00 trillion pesos, a year ago.