Energy companies were among the hardest hit in terms of revenue, profits and assets. Photo: Petrobras headquarters. Jim Killock/Flickr
Latin America’s Top 500 Companies
2015 was yet another unfavorable year for corporate Latin America, and the outlook for the remainder of the year is not the best.
The total revenue of Latin America’s Top 500 non-financial companies reached $1.88 trillion in 2015, down from the $2.54 trillion in 2014, according to the 2016 edition of the Latin Trade 500.
The top 500 non-financial companies in the region are ranked in order of their revenues, profits and total assets. Among the sectors are energy, retail, technology, mining, food and beverage, chemical, steel, auto, transport, agriculture, pulp, services and health.
Latin American economies and companies have been hit by, among others, low commodity prices, a slowdown in China and weak currencies against the dollar.
While the energy sector continues to be the dominant industry in Latin America, firms developing activities such as oil, gas, and mining posted some of the worst results in 2015, obviously hit by lower commodity prices. This was the case with Petrobras and Vale. Each showed revenue reductions of 35 percent in US dollar terms.
The outcome was less negative for other firms in other industries in our ranking. Such is the case of food and beverages, and retail, all dominant sectors in Latin American business. There were even cases of positive, though small, revenue growth in cases of big food and beverage firms such as Femsa (1.1 percent) and Bimbo (0.2 percent).
What’s more, some other big companies …
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