Only three of the 25 companies in Latin Trade’s Multilatina Index posted positive results: Mexichem (16th in our ranking, in terms of sales) and CMPC (18th), each by 1.2 percent, and Arcor (22nd), by 0.1 percent. By David Ramirez The total revenue of the 25 multilatinas in our index went to $94.6bn in the July-September period, thus driving the index 25 percent down in year-on- year terms. The result is due to multiple adversities such as the depreciation of the region’s currencies against the US dollar, the drastic plunge in the prices of oil and other commodities, and sluggish growth in key economies, most prominently in Brazil. Mexichem’s sales benefited in the quarter from a mix of factors, […]
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