Board Decisions

Odinsa SA informs that the Board of Directors through the written voting mechanism, approved today the 2020 Management Report joint of the President and the Board of Directors, as well as the Report of Results at the end of the fiscal year of the Company as of 31 December 2020, which will be presented for consideration by the General Assembly of Shareholders on March 19. Below is the 2020 Results Report approved by the Board of Directors:

ODINSA S.A.
RESULTS REPORT 2020

The Board of Directors of Odinsa S.A. declares to the General Shareholders’ Meeting that in the fiscal year ending December 31, 2020, the Company had net losses amounting to $ 45,964,659,087, which is why a distribution project will not be presented for its consideration. of utilities.


The said loss will increase the item Accumulated Losses that is part of the accounting equity of the company.