The 300 most profitable companies in Latin America: A surprising new kid on the block

The Latin Trade Profitability Drivers Index 4Q2020 Brazilian light weapon-maker Taurus Armas was the most profitable company in the region in 2020. It is a newcomer to Latin Trade’s Profitability Drivers ranking since it posted losses in 2019. “With record performance quarter after quarter, Taurus rendered a historic result this year: a 77.4% increase in revenues and 260.5% in EBITDA, with a 42.6% gross margin and 26.0% EBITDA margin – surpassing analyst expectations,” the company said on its earnings report. The company produced 1.6 million weapons last year, received $400 million in revenues and posted $8 million in equity after having accumulated losses of $139 million in the past years.  The most profitable. The Return on Equity (ROE) ratio (Net […]

Related

Top 10 Business Schools in Latin America 2023

Latin Trade presents the Top 10 Business Schools in...

Top 20 Latin American Logistics Companies

Chilean Latam Airlines continues to be the most profitable...

Latin Trade’s Financial Strength Index 4Q 2022

Once Again, Mexican mining giant Grupo México was the...