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Wednesday, June 27, 2012
Latin 500
Special report

Latin America: the LATIN 500

Corporate revenues continued to surge in Latin America last year but profits dropped.

The Pemex tower dominates the Mexico City skyline, just as the company itself dominates the nation's economy.

RONALD BUCHANAN

As markets in Europe began to feel the first chill of the winds of crisis, and China's immense industrial machine showed signs of faltering, corporate revenues in Latin America continued to gain strength last year. 

The top LATIN 500 companies recorded revenues of $2.4 trillion, an 8.3 percent increase on the $2.2 trillion of the previous year. Profits, however, were 8.9 percent down at $196 billion. The TOP 500 ranking is compiled by Latin Business Chronicle and Latin Trade, based on information from the market researcher Economatica and the individual companies.

The big three of Latin American oil companies -- all of them state-owned -- topped the rankings. They were led for a second successive year by Brazil's Petrobras, followed by PdVSA of Venezuela, and Mexico's Pemex. PdVSA failed to appear in the rankings for the last two years because of a bureaucratic error -- it failed to publish its accounts on time … 

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THE RANKINGS

Latin 500: Top 100

Latin 500: 101-200

Latin 500: 201-300

Latin 500: 301-400

Latin 500: 401-500

 

 

Top Ten By Country
Ten Most Profitable
Revenue Winners & Losers

Profit Winners & Losers

Top 50 Energy Companies

Top 50 Technology Companies

Top 50 Retailers

Top 40 Foreign Companies

 

 

 

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