In general, the best companies are those which have sustained and further increased their sales, profits and profitability. When using this criteria to evaluate major Latin American companies, the findings indicate that mining, construction and some trade and services are the ones that most often fill the requirements. This was demonstrated in the 2012 study of the 100 Best companies from the Latin Business Chronicle.
According to the criteria, the best Latin American company is the Peruvian steel manufacturer, Shougang Hierro. This firm mines, processes and sells iron ore from mines located 530 kilometers south of Lima. This company is a subsidiary of the Shougang Group, one of the largest Chinese steelmakers. They experienced a 57.2 percent increase in sales in 2011 and a 53.6 percent average increase in the three years between 2009 and 2011. Their profits have increased 50 percent during the year and on average 156.2 percent over the three years. Finally, the ratio profits to sales were 40.1 percent in 2011 and 32.9 percent on average during the period between 2009 and 2001.