Publish in Special Reports - Wednesday, April 23, 2014
Brazilian power generator Eneva (formerly MPX) led the way in revenue growth among Latin America's top 500 companies last year. (Photo: Eneva)
Latin America’s corporate revenue winners and losers.
BY LATINVEX STAFF
Brazilian power generator Eneva, the company formerly known as MPX and now controlled Germany’s EON, led the way in revenue growth in Latin America last year, according to the Latinvex 500 ranking of the region’s largest companies.
Brazilian oil company OGX posted the second-highest revenue growth last year. However that was not enough to avoid filing for bankruptcy in October in the largest ever bankruptcy by a company in Latin America.
Brazilian food and beverage company Vigor, Brazilian steel company Panatlantica and Chilean agriculture company Aquachile round out the top five revenue growth winners on the ranking.
Brazilian electronics manufacturer Itautec posted the worst revenue decline, followed by Brazilian power company CTEEP (Companhia de Transmissão de Energia Elétrica Paulista ), Chilean elevctricity company Pehuenche, Brazilian sugar producer Cosan and Brazilian oil services company Inepar.