Multilatina Index
Mining sector revenues plunged 26 percent

Mining sector revenues plunged 26 percent

9th July 2015

The index’s 25 firms grossed $98.7 billion in the first quarter
by David Ramirez
Latin Trade’s Multilatina Index –a ranking of the top 25 multilatinas by US dollar revenue– plummeted 21 percent year on year in the first quarter of 2015, partly owing to weaker operating conditions, as well as the effect of a stronger greenback on local-currency revenues.
 
The index’s 25 firms grossed $98.7 billion in the quarter on the back of sharp revenue contractions in food & beverage, oil, mining and telecoms, which account for 80 percent of the total.
 
The food & beverages sector posted $24.3 billion revenue, 14 percent down from the first quarter of 2014, in response to double-digit contractions in the larger firms, such as Brasil Foods (-26 percent), Femsa (-12 percent) and JBS (-10 percent).
 
JBS, which remained the third biggest multilatina, exemplifies the brunt of the dollar’s strength, considering that its local-currency revenue soared 28 percent in the period.
 
Also in the food & beverages sector, Arcor and Grupo Bimbo, registered positive index growth, of 4 and 3.5 percent respectively, thus becoming the second and third best index performers.
 
The oil & gas index shrank 35 percent, reflecting an equivalent behavior in the revenues of Petrobras, which reached $23.2 billion. The Brazilian giant, however, maintained its place as the largest multilatina. 
 
Mining revenues dived 26 percent, to $16.4 billion, in line with …

Click here : Log In To Read The Full Story
Subscribe to latin trade magazine
Click here to begin a subscription for Latin Trade magazine, available both in print and online.
Subscribe to lt.com
Click here to begin an online subscription to LT.com, with its extensive ranking, indices, and market intelligence on Latin America.
Subscribe to free Newsletter
Subscribe here to our free newsletter – getting the latest business headlines from Latin America in your inbox every day.
LOGIN
FOR READ MORE LOGIN
LOGIN
LOGIN
Forgot your password
SEND
READ MORE
Aenean sollicitudin, lorem quis bibendum auctor, nisi elit consequat ipsum, nec sagittis sem nibh id elit. Duis sed odio sit amet nibh vulputate cursus a sit amet mauris. Morbi accumsan ipsum velit. Nam nec tellus a odio tincidunt auctor a ornare odio. Sed non mauris vitae erat consequat auctor eu in elit.Aenean sollicitudin, lorem quis bibendum auctor, nisi elit consequat ipsum, nec sagittis sem nibh id elit. Duis sed odio sit amet nibh vulputate cursus a sit amet mauris. Morbi accumsan ipsum velit. Nam nec tellus a odio tincidunt auctor a ornare odio. Sed non mauris vitae erat consequat auctor eu in elit.

Access Denied

Please log in or register

Read Our Latest Issue

latintrade-followus-spanish
FOLLOW US