Alfa gets a boost from its
BY JOACHIM BAMRUD
Mexican industrial conglomerate Alfa led the way in growth among multilatinas last year, according to the the Multilatina Index from Latin Business Chronicle, which measures the quarterly and yearly performance of 25 multilatinas.
Sales at Petrobras,
All in all, the index advanced 7 percent last year and 4.7 percent in the fourth quarter.
Alfa’s revenues jumped 36.7 percent last year to $14.7 billion. In the fourth quarter, Alfa revenues grew 21.7 percent, marking the second-highest increase on the index.
“Our year-on-year results show the positive impact of the various strategic initiatives we undertook during the year,” Alfa President Alvaro Fernandez, said in a fourth quarter statement.
Alfa’s growth was mainly spurred by ...
Keywords: Alfa, Alicorp, America Movil, Arcor, Bimbo, Brasil Foods, Cemex, Cencosud,
Multilatina Index (2011)