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Colombia's Ecopetrol 2020 net profit falls 87.3%

BOGOTA, Feb 23 (Reuters) - Colombia’s majority state-run oil company, Ecopetrol, on Tuesday reported its 2020 net profit fell 87.3% to 1.69 trillion pesos ($470.1 million) versus the previous year.

The company’s fourth-quarter net profit fell to 675 billion pesos, from 4 trillion pesos in the year-earlier period, the company said in a statement.

$1 = 3,590.37 Colombian pesos Reporting by Oliver Griffin; Editing by Leslie Adler

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