Losing steam: Petrobras saw a 36 percent drop in profits last year, but still remains the profit and revenue king in Latin America. (Photo: Petrobras)
Tuesday, April 30, 2013
Latinvex 500: Petrobras Leads Revenues and Profits
America Movil now larger than Vale.
BY JOACHIM BAMRUD
Brazilian state oil giant Petrobras remains Latin America’s largest company, while Mexican technology firm America Movil now ranks higher than Brazilian mining giant Vale, according to the Latinvex 500, the ranking ofLatin America’s top 500 companies based on 2012 revenues.
The ranking – the first of its kind this year -- is based on data from market researcher Economatica and individual companies.
REVENUES AND PROFITS DECLINE
Latin America’s top 500 companies posted combined profits of ...