May 3, 2018 / 10:30 PM / 6 months ago

Colombia's Ecopetrol Q1 net profit rises 195 percent to $923.3 mln

BOGOTA, May 3 (Reuters) - Ecopetrol, Colombia’s state-run oil company, said on Thursday its first quarter net profit rose to 2.6 trillion pesos ($923.3 million), up 195 percent from the same period in 2017.

The company has said it will invest between $3.5 billion and $4 billion during 2018, as it reboots production and exploration after being battered by the global fall in crude prices. (Reporting by Julia Symmes Cobb; Editing by Cynthia Osterman)

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