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Colombia's Ecopetrol Q2 net profit crashed 99% to 25 bln pesos

Credit: REUTERS/LUISA GONZALEZ

Colombian majority state-owned oil company, Ecopetrol, reported second-quarter net profit of 25 billion pesos ($6.6 million) on Tuesday, compared with 3.49 trillion pesos in the year-earlier period.

BOGOTA, Aug 4 (Reuters) - Colombian majority state-owned oil company, Ecopetrol ECO.CN, reported second-quarter net profit of 25 billion pesos ($6.6 million) on Tuesday, compared with 3.49 trillion pesos in the year-earlier period.

Earnings before interest, taxes, depreciation and amortization declined 76% to 2 trillion pesos.

The results "reflect the impact of the unprecedented situation of the expansion of COVID-19", Chief Executive Felipe Bayon said in a statement.

($1 = 3,768.39 Colombian pesos)

(Reporting by Oliver Griffin and Julia Symmes Cobb, editing by Louise Heavens)

((Oliver.Griffin@thomsonreuters.com; +57 304-583-8931;))

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