Multinationals underperform Latin America in revenue growth.

BY JOACHIM BAMRUD

Local and foreign companies in Latin American saw revenues slow down last year, while total profits declined by 5.9%, according to the latest Latinvex 500 list of companies in Latin America, which uses data from Economatica and individual companies.

That contrasts with the previous year, when revenues grew by 25.4% and profits by 24%.

Walmart de Mexico, the unit of US-based retail giant Walmart, became…

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Keywords: Argentina, Brazil, Chile, Colombia, Mexico, Panama, Peru, Uruguay

 

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