The company's full-year revenues increased by 6.8%, reaching $890.2 million USD, attributed to organic growth, geographic expansion, and entry into the vinyl market.
Ecopetrol is suffering from deteriorating corporate governance while the petroleum giant is led by Colombian President Gustavo Petro's political campaign manager.
The move lowers Interest Expense by an Estimated $3 Million Annually, Representing Cumulative Annual Interest Savings of ~$15 Million Through Refinancing Activities Since 2020