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 […]

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