MIAMI, July 9, 2015 /PRNewswire/ -- Total revenue of the Top 500 Latin American companies dropped 7 percent to $2.54 trillion in 2014, reflecting the hurdles faced by the region's businesses last year.
This is one of the results of this year's Latin 500, the ranking of Latin America's 500 largest non-financial firms in US-dollar revenue terms released by the Latin Trade Group.
Energy companies maintained their position as leaders, posting an average revenue growth of 3 percent to $775.8 billion. Argentina's YPF is a notable example, with its revenue and profits soaring 20 and 34 percent respectively, boosted by domestic sales of oil derivatives.
Another good performer is US-based energy company AES, which registered the highest growth rate among companies headquartered outside of Latin America, boosted by the vertical integration of its Chilean business.
However, one of the sectors that faced the most challenges was retail. The year was particularly bad for France-based Casino, with a 14 percent revenue drop compared with 2013.
The Latin 500 ranking includes the complete list of companies, as well as sections divided by biggest winners and losers, top energy companies, top retailers, top foreign-based companies and the top 10 profit kings.
For more information, please visit: http://latintrade.com/the-latin-500/
About Latin Trade Group
Latin Trade Group is a leading provider of information and business services to companies operating in Latin America. It publishes award-winning content in Spanish and English for distribution throughout Latin America, the Caribbean and the United States through print, online media, and events. Latin Trade Group publishes Latin Trade magazine, Latintrade.com, and is the organizer of the Latin Trade Symposium and BRAVO Business Awards; the LT CFO Series for financial executives of multinational corporations and the Sino Americas Intensive initiative, a year-round series for Chinese and Latin American companies to meet and do business.
SOURCE Latin Trade Group