Brazil’s Petrobras, Eletrobras and Mexico’s CFE were the winners in terms of profits in Latin Trade’s most recent ranking of the Top 50 Energy companies in Latin America. Profits at Petrobras surged more than 5,000% to $6.6 billion compared with the previous year. Eletrobras posted a 759% increase in profits, reaching $3.4 billion. For its part, Mexican utility CFE saw a 375% increase in its profits, reaching $1.3 billion. In terms of revenue growth, the winners were Argentina’s La Plata (+80%); Pan American (+44%) and Enel (+26.4%). To view and download the full ranking, which includes revenues, profits, total assets, EBITDA and sub-rankings for profit and revenue winners and losers, click below:
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