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Latin America’s Companies Boost Revenues, Profits

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A closer look at the winners and losers among Latin America's 500 largest companies.

BY CHRONICLE STAFF

 

Latin America’s top 500 companies managed to boost revenues and profits last year despite the global crisis. They posted a total of $1.6 trillion in sales and had an average increase of 22.1 percent from 2008, according to the Latin 500, the annual ranking of Latin America’s top 500 companies from Latin Business Chronicle and Latin Trade.

Meanwhile, profits for companies that released those numbers reached $150.9 billion, an average 33.6 percent increase. The ranking is based on data from Economatica and individual companies.

 

Sectors that did particularly well in terms of revenue growth include construction (up 59.6 percent), water (up 50 percent), health (up 43.5 percent), pulp and paper (up 32.7 percent) and technology (up 27.6 percent).

 

Brazilian state oil giant Petrobras is Latin America’s largest company, followed by Mexico’s oil giant Pemex. The top five is rounded out by Spain-based Telefonica, Mexico-based America Movil and Brazil-based Vale.

 

The ranking does not include companies that decline to reveal their exact Latin America revenues. That includes such U.S. giants as automaker General Motors (although some of their subsidiaries do) and Hewlett-Packard (the world’s top PC producer).

It also doesn’t include Venezuelan state oil giant PDVSA, which has once again delayed the release of its numbers – which, in turn, suffer from widespread doubts. (See The Mystery of PDVSA).
 

PROFIT KINGS

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RANKINGS
Latin Americas Top 500 Companies
Revenue Winners & Losers
Profit Winners & Losers
Top Ten by Country
Top 25 Foreign Companies
Top 10 Profit Kings
Revenues, Profits and Margins by Sector

Top 10 Agricultural Companies
Top Five Auto Companies
Top 20 Beverage Companies
Top 20 Chemical Companies
Top 25 Construction Companies

Top 75 Energy Companies

Top 30 Food Companies
Top Five Health Companies
Top 40 Manufacturing Companies
Top Five Media Companies
Top 35 Mining Companies
Top Five Pulp and Paper Companies
Top 50 Retail Companies
Top 15 Steel Companies
Top 50 Technology Companies
Top Five Textile Companies
Top 20 Transport Companies
Top Five Water Companies

 

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