Cut now, profit later: impatient for sales to bounce back, corporate Latin America slashes costs. (The Top 100 Companies).Brazilian oil giant Petrobras PETROBRAS Petróleo Brasileiro SA (Brazilian oil company) put new fields out for bid in June June: see month. . Even before the auction, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Francisco Francisco may refer to:
1. Contraction of it is. 2. Contraction of it has. See Usage Note at its. it's it is or it has it's be ~have early to say if this will translate (1) To change one language into another; for example, assemblers, compilers and interpreters translate source language into machine language. (2) In computer graphics, to move an image on screen without rotating it. into lower bids." The head of Latin Lat·in n. 1. a. The Indo-European language of the ancient Latins and Romans and the most important cultural language of western Europe until the end of the 17th century. b. America's largest publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. could have been referring to the performance expectations of most of the LATIN TRADE Latin Trade is a monthly magazine covering global business in Latin America and the Caribbean. Similar to Forbes and Fortune Magazine in coverage, the magazine was founded in 1993 and now publishes 87,000 copies 1 each month in Spanish, Portuguese, and English. 100. After a dismal dis·mal adj. 1. Causing gloom or depression; dreary: dismal weather; took a dismal view of the economy. 2. 2001, corporate Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. has cut costs 12%, hoping the past will not be prelude prelude (prā`l  d), musical composition of no universal style, usually for the keyboard. It was originally used to precede a ceremony and later a second, often larger piece. to the future.Overall, the LATIN TRADE 100 posted flat sales growth last year to finish at US$292 billion, with profits falling 14% to $20 billion. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the LATIN TRADE Consensus Forecast, analysts expect 72 of the top 100 publicly traded companies to report flat sales again in 2002 but show a 12% increase in profits. The outlook improves for 2003, with overall sales rising 5% and profits surging surge v. surged, surg·ing, surg·es v.intr. 1. To rise and move in a billowing or swelling manner. 2. To roll or be tossed about on waves, as a boat. 3. 21%. Consumer-oriented companies, primarily in Mexico Mexico, city, Mexico Mexico or Mexico City, Span. Ciudad de México (Méjico), city (1990 pop. 8,236,960; 1991 met. area est. 20,899,000), central Mexico, capital and largest city of Mexico. , Brazil Brazil (brəzĭl`), Port. Brasil, officially Federative Republic of Brazil, republic (2005 est. pop. 186,113,000), 3,286,470 sq mi (8,511,965 sq km), E South America. and Chile Chile (chĭl`ē, Span. chē`lā), officially Republic of Chile, republic (2005 est. pop. 15,981,000), 292,256 sq mi (756,945 sq km), S South America, west of the continental divide of the Andes Mts. , will lead the sales turnaround Turnaround A situation where a company that has had poor performance for an extended period of time experiences a positive reversal. Notes: A speculator may profit from a turnaround if he or she accurately anticipates the improvement of a poorly performing company. . The recovery will start with resumed growth in Mexico, Latin America's largest economy in 2001, and gain speed after Brazil's presidential elections in October October: see month. 2002. By sector, telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , retail, food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. companies will outpace out·pace tr.v. out·paced, out·pac·ing, out·pac·es To surpass or outdo (another), as in speed, growth, or performance. outpace Verb [-pacing, their economies in the rebound rebound (rē´bownd), n/v 1. a recovery from illness. n 2. an outbreak of fresh reflex activity after withdrawal of a stimulus rebound adjective . A host of companies accepts slow or no sales growth, but seek rapid profit expansion through cost cutting. Chief among these are glassmaker glass·mak·er n. One that makes glass. glass  mak ing n. Vitro and conglomerate conglomerate, in businessconglomerate, corporation whose asset growth, often very rapid, comes largely through the acquisition of, or merger with, other firms whose products are largely unrelated to each other or to that of the parent company. Desc--both heavily indebted in·debt·ed adj. Morally, socially, or legally obligated to another; beholden. [Middle English endetted, from Old French endette, past participle of endetter, to oblige Mexican companies This is a List of Mexican companies:
v. slashed, slash·ing, slash·es v.tr. 1. To cut or form by cutting with forceful sweeping strokes: slash a path through the underbrush. 2. 3,000 jobs and sold its 50% stake in appliance-maker Vitromatic to partner Whirlpool whirlpool, revolving current in an ocean, river, or lake. It may be caused by the configuration of the shore, irregularities in the bottom of the body of water, the meeting of opposing currents or tides, or the action of the wind upon the water. for an estimated $540 million. It plans to whack whack - According to arch-hacker James Gosling, to "...modify a program with no idea whatsoever how it works." (See whacker.) It is actually possible to do this in nontrivial circumstances if the change is small and well-defined and you are very good at glarking things from context. another 30% in administrative costs administrative costs, n.pl the overhead expenses incurred in the operation of a dental benefits program, excluding costs of dental services provided. in 2002. Similarly, autoparts and chemical conglomerate Desc is working off $1.1 billion in debt through draconian dra·co·ni·an adj. Exceedingly harsh; very severe: a draconian legal code; draconian budget cuts. [After Draco. cost-cutting measures and sales of subsidiaries. The two companies' woes are unusual, because both are major exporters and hard currency sales have traditionally held financial trouble at bay. But last year's downturn Downturn The transition point between a rising, expanding economy to a falling, contracting one. downturn A decline in security prices or economic activity following a period of rising or stable prices or activity. in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. slammed Mexican companies. In contrast, Argentine Argentine having some relationship with the country Argentina. Argentine tick margaropuswinthemi. Argentine tortoise geochelonechilensis. corporations with access to greenbacks will lead the charge out of that country's crisis, according to the LATIN TRADE Consensus Forecast. Steel maker Siderca and conglomerate Perez Companc Perez Companc could refer to
adj. Being between 10 and 99 percent: double-digit inflation. growth in 2003. Siderca's profits will be less affected this year and next than Perez Companc's profits, which faces a $150 million swing to losses of almost $58 million in 2002 before the company moves back to profits of $161 minion min·ion n. 1. An obsequious follower or dependent; a sycophant. 2. A subordinate official. 3. One who is highly esteemed or favored; a darling. in 2003. Buy or build sales. Telecom Argentina Telecom Argentina S.A. (NYSE: TEO, Buenos Aires Stock Exchange:TECO2) is the major local telephone company for the northern part of Argentina, including half of the city of Buenos Aires. Briefly known as Sociedad Licenciataria Norte S.A. won't won't Contraction of will not. won't will not won't will be so lucky. Dependent on domestic currency revenues and at the mercy of government regulators. with most costs denominated in dollars, the phone company is expected to see sales drop by almost two thirds-to $1.1 billion-in 2002 and down again to $951 million in 2003, according to analysts' consensus. Under those circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or , no amount of cutting will protect profits, which are expected to collapse from $47 million in 2001 to losses of $233 million in 2002 before recovering slightly to losses of just more than $200 million in 2003. Having already defaulted on part of its $3.4 billion debt, Telecom Argentina's lead shareholders, France Telecom and Telecom Italia Telecom Italia is formerly a partially state-owned Italian telco. It was once known as SIP, and it has the largest user base in Italy. Telecom Italia also owns shares in Telecom Argentina and Telecom Personal, fixed and cellular networks in Argentina. , appear unwilling to invest more money in the company Most analysts expect creditors to take control of the telecommunications giant. A takeover To assume control or management of a corporation without necessarily obtaining actual title to it. A takeover bid or tender offer is a proposal made by one company to purchase shares of stock of another company, in order to acquire control thereof. might happen before creditors can commandeer com·man·deer tr.v. com·man·deered, com·man·deer·ing, com·man·deers 1. To force into military service. 2. To seize for military use; confiscate. 3. To take arbitrarily or by force. Telecom and other Argentine companies This article intends to list the most important companies of Argentina. Food
v. To exhibit symptoms of seizure activity, usually with convulsions. this year's tight market to launch buyouts instead of building sales growth. Mexican Mexican named after or originating in Mexico. Mexican axolotl see ambystomamexicanum. Mexican beaded lizard (Heloderma horridum cellular phone company America America [for Amerigo Vespucci], the lands of the Western Hemisphere—North America, Central (or Middle) America, and South America. The world map published in 1507 by Martin Waldseemüller is the first known cartographic use of the name. Movil and retailer Wal-Mart  Editing of this page by unregistered or newly registered users is currently disabled due to vandalism. de Mexico represent two avenues to growth in 2002: buying or
building sales.Flush To empty the contents of a memory buffer. See buffer. Flush Elizabeth Barrett Browning’s spaniel, subject of a biography. [Br. Lit.: Woolf Flush in Barnhart, 446] See : Dogs (data) flush with cash, America Movil and Telefonos de Mexico--both part of Mexican billionaire Carlos Carlos, prince of the Asturias Carlos, 1545–68, prince of the Asturias, son of Philip II of Spain and Maria of Portugal. Don Carlos, who seems to have been mentally unbalanced and subject to fits of homicidal mania, was imprisoned by his father in Slim's empire--are expected to scoop up Verb 1. scoop up - take out or up with or as if with a scoop; "scoop the sugar out of the container" lift out, scoop, scoop out, take up remove, take away, withdraw, take - remove something concrete, as by lifting, pushing, or taking off, or remove something ailing phone companies across Latin America in 2002. America Movil has registered to bid on Pacifictel, which runs telecommunications for the coastal region of Ecuador Ecuador (ĕk`wədôr) [Span., = equator], officially Republic of Ecuador, republic (2005 est. pop. 13,364,000), 109,483 sq mi (283,561 sq km), W South America. . While company officials will not comment, Slim is also reportedly sniffing sniff v. sniffed, sniff·ing, sniffs v.intr. 1. a. To inhale a short, audible breath through the nose, as in smelling something. b. To sniffle. 2. around Telecom Argentina-expected to be Latin America's worst-performing large company in 2002--and BellSouth's operations in Chile, Brazil or both. In addition, long-distance long-dis·tance adj. 1. Covering a long distance: a long-distance runner; operating under long-distance supervision. 2. company Embratel EMBRATEL Empresa Brasileira de Telecomunicacoes , controlled by WorldCom The former name of MCI. Based in Jackson, MS, WorldCom, Inc. was a major, international telecommunications carrier. It was founded in 1983 by Bernard Ebbers as Long Distance Discount Service (LDDS), a reseller of AT&T WATS lines to small businesses. , and Qualcomm's cellular phone company Vesper are rumored to be on the sales block. Last year, Telemar Norte Leste The Leste is a hot, dry, easterly wind of the Madeira and Canary Islands. Source: [1] , a subsidiary of holding company Telemar, used a merger strategy to exceed all companies in growth. Telemar Norte Leste folded 16 separate units underneath the same roof to create the largest fixed-line Refers to wired devices. For example, a fixed-line phone is a standard phone with the handset wired to the base unit in contrast to a portable phone or cellphone. phone company in Brazil. Perhaps illustrating the pitfalls of mergers and acquisitions, parent company Telemar now will have to focus on profits--not growth--in 2002. Analysts expect the parent company will lose almost $30 million in 2002 compared to profits of $60 million in 2001. Outselling. While takeovers fuel telecom growth in 2002 and 2003, Wal-Mart de Mexico and other retailers are building more stores to sell more. WalMex Wal-Mart de Mexico, is a Latin American blue-chip company, a majority of which is owned by the American retail giant Wal-Mart Stores, Inc. It has been traded at the Mexican Stock Exchange since 1977 [1]. , the Mexican unit of Wal-Mart, will debut 67 stores nationwide plus a distribution center in Guadalajara Guadalajara, city, Mexico Guadalajara (gwä'thälähä`rä), city (1990 pop. 1,650,042), capital of Jalisco state, SW Mexico, second largest city of Mexico. The metropolitan area includes close to 3 million people. for a total investment of $600 million through the middle of 2003. With record growth in sales, operating profits Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. and net income before taxes in 2001, Wal-Mex CEO Cesareo Davide Civaschi, aka Cesareo, (born January 22, 1962) is an Italian guitarist. He is the lead guitarist of the band Elio e le Storie Tese. The band was created in 1980 by Elio, who was the lead vocalist and also played the transverse flute, electric bass and the guitar, but Fernandez expects the company to zoom To change from a distant view to a more close-up view (zoom in) and vice versa (zoom out). An application may provide fixed or variable levels of zoom. A display adapter may also have built-in zoom capability. past sales of $10 billion in 2002. Analysts forecast $11.6 billion in sales with profits of half a billion dollars this year. Retailers Falabella Falabella Argentinian miniature horse, less than 7 hands high, with a spotted coat color in most animals; a curiosity. and D&S in Chile and Grupo Elektra Grupo Elektra is a Mexican financial and retail corporation owned by Grupo Salinas. It is listed on the New York Stock Exchange (EKT), the Bolsa Mexicana de Valores (ELEKTRA*) and on the Spanish Stock Market Latibex (XEKT). and Organizacion Soriana Organización Soriana is a grocery and department store retail chain corporation headquartered in Monterrey, Nuevo León, Mexico. The company is 100% capitalized in Mexico and is publicly traded on the Mexican stock exchange the Bolsa Mexicana de Valores, since 1987 under the symbol: in Mexico will also open more stores to post double-digit growth in revenue. The sales surge See power surge. SURGE - Sorter, Updater, Report Generator, Etc. IBM 704, 1959. Sammet 1969, p.8. will not come at the expense of profit growth--except in the case of Grupo Elektra, which will invest an estimated $25 million to capitalize To regard the cost of an improvement or other purchase as a capital asset for purposes of determining Income Tax liability. To calculate the net worth upon which an investment is based. To issue company stocks or bonds to finance an investment. the bank and put branches in the company's 900 outlets. Most analysts predict that venture will hurt profits in the short term. Moody's Moody's Corporation (NYSE: MCO) is the holding company for Moody's Investors Service which performs financial research and analysis on commercial and government entities. The company also ranks the credit-worthiness of borrowers using a standardized ratings scale. Investor Services recently placed Elektra's debt on review for downgrade Downgrade A negative change in the rating of a security. Notes: For example, an analyst may downgrade a stock from strong buy to buy, or a bond rating agency may downgrade a bond from AAA to AA. because of uncertainties surrounding sur·round tr.v. sur·round·ed, sur·round·ing, sur·rounds 1. To extend on all sides of simultaneously; encircle. 2. To enclose or confine on all sides so as to bar escape or outside communication. n. the bank and the financial performance of the stand-alone (jargon) stand-alone - Capable of operating without other programs, libraries, computers, hardware, networks, etc. Exactly what is absent is presumed to be obvious from context. "We only run Windows on stand-alone PCs because it's too dangerous to run it on networked ones." retail operation. Food and beverage companies make up the third major growth group in the LATIN TRADE Consensus Forecast. Grupo Bimbo Grupo Bimbo is a giant Mexican food corporation with brands in Latin America, Europe, China and the United States. History Grupo Bimbo was established in Mexico in 1945, today it is one of the most important baking companies in brand and trademark positioning, sales, and , the leader of the pack, is buying sales growth. Mexico's top baker paid $610 million for the western U.S. division of Toronto-based George Weston George Weston (March 23, 1864 - April 6, 1924) was an American-born businessman in Canada and a municipal politician in the city of Toronto, Ontario. Born in Oswego, New York, he was a small boy when his family moved to Canada, settling in the city of Toronto. in early 2002 and $64 million for Brazilian baker Plus Vita. To keep growth alive, Bimbo Bakeries USA President Juan Juan (IPA: [xwan]) is a Spanish form of the given name John (q.v.). It was the 55th most popular name in the United States as of 2003. Muldoon Muldoon is a common name for Irish and Scottish families. It is represented throughout the world where descendants of emigrants of people bearing that name have settled; e.g. USA, Canada, Australia, New Zealand, South Africa and other countries. recently launched an innovative buy-out buy·out also buy-out n. 1. The purchase of the entire holdings or interests of an owner or investor. 2. The purchase of a company or business: package for the company's distributors. Muldoon told almost 1,000 delivery truck drivers in Texas, Oklahoma Oklahoma (ōkləhō`mə), state in SW United States. It is bordered by Missouri and Arkansas (E); Texas, partially across the Red R. (S, W); New Mexico, across the narrow edge of the Oklahoma Panhandle (W); and Colorado and Kansas (N). and New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). that they will cease to be employees of the Mexican company's U.S. subsidiary by August. Then he made an offer: buy sales territories ranging in price from $60,000 to $100,000 and start independent businesses delivering Bimbo products. While the Teamsters union Teamsters Union, U.S. labor union formed in 1903 by the amalgamation of the Team Drivers International Union and the Teamsters National Union. Its full name is the International Brotherhood of Teamsters, Chauffeurs, Warehousemen, and Helpers of America (IBT). is expected to oppose the offer, Muldoon believes nine out of 10 drivers will take the deal. As independent distributors, they are expected to turn profits ranging from 15% to 20%. And Bimbo, Muldoon hopes, will save on fleet purchases and truck maintenance because these costs would fall to distributors. The executive borrowed the idea from Best Foods baking baking: see cooking. baking Process of cooking by dry heat, especially in an oven. Baked products include bread, cookies, pies, and pastries. division, which boasts a highly successful independent distributor operation. After Bimbo's failed bid to buy the division, Muldoon embraced Embraced is a Swedish melodic black metal band, formed in Malmö, Sweden in 1993. The band split up in 2000, and reunited in 2004. Line-up
Power company Copel and steel companies Gerdau For the town in Lower Saxony, see Gerdau, Germany. Gerdau S.A. is the largest producer of long steel in the Americas, with steel mills in Brazil, Argentina, Canada, Chile, Colombia, Venezuela, Mexico, Dominican Republic, Peru, the United States and Uruguay. and Companhia Siderurgica Nacional Nacional is the Spanish and Portuguese word for national. It can refer to: Sports
tr. & intr.v. com·pli·cat·ed, com·pli·cat·ing, com·pli·cates 1. To make or become complex or perplexing. 2. To twist or become twisted together. adj. 1. Copel's operations, just as U.S. government tariffs This is a list of tariffs and trade legislation:
Gerdau, however, will not sacrifice sacrifice [Lat. sacrificare=to make holy], a type of religious offering, or gift to a superior or supreme being, in which the offering is consecrated through its destruction. profits for sales growth. Brazil's most international company benefits from its ownership of steel mills within the United States and other countries where protectionism protectionism Policy of protecting domestic industries against foreign competition by means of tariffs, subsidies, import quotas, or other handicaps placed on imports. is on the rise. CEO Jorge Jorge (IPA pronunciation: /'xoɾxe/ ) is a Spanish-language given name, equivalent to English George. It is of Greek origin, and its meaning is "farmer". Gerdau Johannpeter has sought to diversify diversify To acquire a variety of assets that do not tend to change in value at the same time. To diversify a securities portfolio is to purchase different types of securities in different companies in unrelated industries. the steel maker's operations through acquisitions, thus avoiding excessive dependence on a single market. For most of the LATIN TRADE 100, however, international expansion right now is out of the question. Financing is very tight and most investors are loathe to bankroll bank·roll n. 1. A roll of paper money. 2. Informal One's ready cash. tr.v. bank·rolled, bank·roll·ing, bank·rolls Informal mergers and acquisitions that promise increased profits. Cost cutting, therefore, represents a more mundane (jargon) mundane - Someone outside some group that is implicit from the context, such as the computer industry or science fiction fandom. The implication is that those in the group are special and those outside are just ordinary. route back to financial health. Nobody likes flat sales and falling profits. But Petrobras and other companies have been whacking away at costs to make sure that, even if sales fizzle fiz·zle intr.v. fiz·zled, fiz·zling, fiz·zles 1. To make a hissing or sputtering sound. 2. Informal To fail or end weakly, especially after a hopeful beginning. n. , profits will return. [GRAPH graph, figure that shows relationships between quantities. The graph of a function y=f (x) is the set of points with coordinates [x, f (x)] in the xy-plane, when x and y are numbers. OMITTED] [GRAPH OMITTED]
SALES
US$ % Change
Mill. '00/'01
WINNERS
Telemar Norte Leste 3,654.8 209.9
Siderca 1,453.9 54.1
America Movil 4,515.7 48.1
CPFL 2,056.1 44.2
Bunge Brasil 1,505.4 31.7
LOSERS
Telefonica de Argentina 2,575.0 -28.1
Telefonica del Peru 1,033.4 -21.3
Copesul 1,024.1 -17.0
Grupo Minero de Mexico 2,997.6 -15.9
Globex 1,011.0 -15.2
NET INCOME
US$ % Change
Mill. '00/'01
WINNERS
Industrias Penoles 27.4 291.8
Telemar Norte Leste 21.2 279.4
Grupo Televisa 146.9 277.9
Perdigao 72.5 212.4
Cantv 104.4 181.0
LOSERS
TAM -24.3 -8,200.0
Acesita -140.6 -1,908.6
Hylsamex -243.6 -1,558.6
Klabin -73.3 -1,147.1
Telesp Celular -479.9 -716.7
TOTAL ASSETS
US$ % Change
Mill. '00/'01
WINNERS
Telemar Norte Leste 9,292.2 214.3
Bunge Brasil 3,474.3 108.3
Almacenes Exito 1,014.4 60.2
KOF Coca-Cola Femsa 1,509.9 33.6
Nadro 651.7 31.2
LOSERS
Light 3,436.2 -55.6
Grupo Sanborns 2,182.7 -46.6
EBE 818.2 -39.2
Telecom Carso Global 17,640.9 -30.7
Telefonica de Argentina 5,378.0 -27.3
TOP 100
US$ BILLIONS
PROFITS SALES
1998 18.3 233.5
1999 14.3 227.5
2000 23.2 283.6
2001 20.0 292.2
Note: Table made from bar graph
Ranked by net sales as of Dec. 31, 2001 in US$ millions
RANK COMPANY COUNTRY
this year last year
1 1 Petrobras Brazil
2 3 Telmex Mexico
3 2 Telecom Carso Global Mexico
4 5 Wal-Mart de Mexico Mexico
5 -- Repsol YPF Argentina
6 7 Eletrobras Brazil
7 6 Petrobras Distribuidora Brazil
8 9 Cemex Mexico
9 4 Grupo Carso Mexico
10 11 Femsa Mexico
11 13 Ipiranga Distribuidora Brazil
12 12 Alfa Mexico
13 10 CVRD Brazil
14 -- America Movil Mexico
15 14 Enersis Chile
16 15 Telemar Brazil
17 18 Ipiranga Petroquimica Brazil
18 19 Telesp Brazil
19 17 Light Brazil
20 26 Grupo Industrial Bimbo Mexico
21 -- Telemar Norte Leste Brazil
22 25 Comercial Mexicana Mexico
23 21 Antarchile Chile
24 22 Copec Chile
25 30 Grupo Modelo Mexico
26 16 Pao de Acucar Brazil
27 32 Grupo Gigante Mexico
28 24 Embratel Brazil
29 37 Organizacion Soriana Mexico
30 29 Cintra Mexico
31 31 Vitro Mexico
32 28 Telecom Argentina Argentina
33 38 Cantv Venezuela
34 20 Grupo Minero de Mexico Mexico
35 39 Embraer Brazil
36 35 AmBev Brazil
37 33 Itausa Brazil
38 43 Brasil Telecom Brazil
39 40 Panamco Mexico
40 34 Varig Brazil
41 23 Telefonica de Argentina Argentina
42 42 Eletropaulo Brazil
43 36 Gerdau Brazil
44 44 Grupo lmsa Mexico
45 41 Desc Mexico
46 45 Grupo Televisa Mexico
47 47 Usiminas Brazil
48 68 CPFL Brazil
49 58 Puerto de Liverpool Mexico
50 51 Cemig Brazil
51 48 Gruma Mexico
52 53 KOF Coca-Cola Femsa Mexico
53 8 Grupo Sanborns Mexico
54 60 Nadro Mexico
55 59 Saba Casa Grupo Mexico
56 52 Vapores Chile
57 50 CSN Brazil
58 56 Kimberly Clark de Mexico Mexico
59 62 Grupo Elektra Mexico
60 67 Perez Companc Argentina
61 66 Sadia Brazil
62 61 Endesa Chile
63 -- Bunge Brasil Brazil
64 54 Sabesp Brazil
65 55 Brasmotor Brazil
66 -- Siderca Argentina
67 57 Multibras Brazil
68 64 Copene Brazil
69 78 Grupo Corvi Mexico
70 69 LanChile Chile
71 71 D&S Chile
72 65 CTC Chile
73 77 Almacenes Exito Colombia
74 72 CMPC Chile
75 70 Telesp Celular Brazil
76 63 Hylsamex Mexico
77 100 Pepsi-Gemex Mexico
78 -- TAM Brazil
79 86 Falabella Chile
80 76 Suzano Brazil
81 93 Industrias Penoles Mexico
82 80 EBE Brazil
83 -- Entel Chile
84 99 Bachoco Industrias Mexico
85 -- Corporacion Durango Mexico
86 -- Perdigao Brazil
87 96 Klabin Brazil
88 74 Telefonica del peru Peru
89 79 Copesul Brazil
90 89 Souza Cruz Brazil
91 84 Belgo Mineira Brazil
92 -- Grupo Continental Mexico
93 82 Globex Brazil
94 -- Grupo TMM Mexico
95 81 ICA Mexico
96 98 Apasco Mexico
97 97 Ultrapar Brazil
98 90 Copel Brazil
99 87 Acesita Brazil
100 92 Refinaria Ipiranga Brazil
RANK COMPANY SECTOR
this year last year
1 1 Petrobras Oil, gas
2 3 Telmex Telecom
3 2 Telecom Carso Global Telecom
4 5 Wal-Mart de Mexico Retail
5 -- Repsol YPF Oil, gas
6 7 Eletrobras Electricity
7 6 Petrobras Distribuidora Oil, gas
8 9 Cemex Cement
9 4 Grupo Carso Holding
10 11 Femsa Beverages
11 13 Ipiranga Distribuidora Gas
12 12 Alfa Holding
13 10 CVRD Mining
14 -- America Movil Telecom
15 14 Enersis Electricity
16 15 Telemar Telecom
17 18 Ipiranga Petroquimica Oil
18 19 Telesp Telecom
19 17 Light Electricity
20 26 Grupo Industrial Bimbo Food
21 -- Telemar Norte Leste Telecom
22 25 Comercial Mexicana Retail
23 21 Antarchile Holding
24 22 Copec Forestry
25 30 Grupo Modelo Beverages
26 16 Pao de Acucar Retail
27 32 Grupo Gigante Retail
28 24 Embratel Telecom
29 37 Organizacion Soriana Retail
30 29 Cintra Aviation
31 31 Vitro Holding
32 28 Telecom Argentina Telecom
33 38 Cantv Telecom
34 20 Grupo Minero de Mexico Mining
35 39 Embraer Aviation
36 35 AmBev Beverages
37 33 Itausa Holding
38 43 Brasil Telecom Telecom
39 40 Panamco Beverages
40 34 Varig Aviation
41 23 Telefonica de Argentina Telecom
42 42 Eletropaulo Electricity
43 36 Gerdau Steel
44 44 Grupo lmsa Steel
45 41 Desc Holding
46 45 Grupo Televisa Media
47 47 Usiminas Steel
48 68 CPFL Electricity
49 58 Puerto de Liverpool Retail
50 51 Cemig Electricity
51 48 Gruma Food
52 53 KOF Coca-Cola Femsa Beverages
53 8 Grupo Sanborns Retail
54 60 Nadro Retail
55 59 Saba Casa Grupo Retail
56 52 Vapores Transportation
57 50 CSN Steel
58 56 Kimberly Clark de Mexico Paper, pulp
59 62 Grupo Elektra Retail
60 67 Perez Companc Conglomerate
61 66 Sadia Food
62 61 Endesa Electricity
63 -- Bunge Brasil Chemical
64 54 Sabesp Water
65 55 Brasmotor Home Appliances
66 -- Siderca Steel
67 57 Multibras Home Appliances
68 64 Copene Petrochemicals
69 78 Grupo Corvi Retail
70 69 LanChile Aviation
71 71 D&S Retail
72 65 CTC Telecom
73 77 Almacenes Exito Retail
74 72 CMPC Paper, pulp
75 70 Telesp Celular Telecom
76 63 Hylsamex Steel
77 100 Pepsi-Gemex Beverages
78 -- TAM Transportation
79 86 Falabella Telecom
80 76 Suzano Paper, pulp
81 93 Industrias Penoles Mining
82 80 EBE Electricity
83 -- Entel Telecom
84 99 Bachoco Industrias Food
85 -- Corporacion Durango Paper, pulp
86 -- Perdigao Food
87 96 Klabin Paper, pulp
88 74 Telefonica del peru Telecom
89 79 Copesul Petrochemicals
90 89 Souza Cruz Tobacco
91 84 Belgo Mineira Steel
92 -- Grupo Continental Beverages
93 82 Globex Retail
94 -- Grupo TMM Transportation
95 81 ICA Construction
96 98 Apasco Cement
97 97 Ultrapar Holding
98 90 Copel Electricity
99 87 Acesita Steel
100 92 Refinaria Ipiranga Petrochemicals
NET SALES
RANK COMPANY 2001 % Change
this year last year US$ Mill. '00/'01
1 1 Petrobras 24,785.2 -2.6
2 3 Telmex 12,114.3 13.6
3 2 Telecom Carso Global 11,403.3 18.0
4 5 Wal-Mart de Mexico 9,666.0 25.1
5 -- Repsol YPF 8,162.0 -5.8
6 7 Eletrobras 7,662.1 22.6
7 6 Petrobras Distribuidora 6,947.1 11.0
8 9 Cemex 6,930.9 29.4
9 4 Grupo Carso 5,608.8 7.9
10 11 Femsa 5,445.1 15.9
11 13 Ipiranga Distribuidora 4,875.9 6.6
12 12 Alfa 4,855.5 3.0
13 10 CVRD 4,556.6 -6.5
14 -- America Movil 4,515.7 48.1
15 14 Enersis 4,497.0 -0.4
16 15 Telemar 4,354.0 4.8
17 18 Ipiranga Petroquimica 4,053.2 7.1
18 19 Telesp 3,899.7 4.3
19 17 Light 3,696.3 -4.1
20 26 Grupo Industrial Bimbo 3,696.0 15.4
21 -- Telemar Norte Leste 3,654.8 209.9
22 25 Comercial Mexicana 3,609.5 9.3
23 21 Antarchile 3,550.2 -1.7
24 22 Copec 3,545.9 -1.8
25 30 Grupo Modelo 3,511.9 14.6
26 16 Pao de Acucar 3,471.3 -11.0
27 32 Grupo Gigante 3,234.3 13.9
28 24 Embratel 3,215.4 -6.4
29 37 Organizacion Soriana 3,136.1 18.4
30 29 Cintra 3,119.4 -2.9
31 31 Vitro 3,077.6 7.4
32 28 Telecom Argentina 3,049.0 -5.1
33 38 Cantv 3,011.9 15.5
34 20 Grupo Minero de Mexico 2,977.6 -15.9
35 39 Embraer 2,969.6 13.9
36 35 AmBev 2,812.3 4.7
37 33 Itausa 2,682.5 -3.1
38 43 Brasil Telecom 2.654.0 15.1
39 40 Panamco 2,651.0 2.0
40 34 Varig 2,615.2 -3.9
41 23 Telefonica de Argentina 2,575.0 -28.1
42 42 Eletropaulo 2,543.2 7.3
43 36 Gerdau 2,537.7 -4.5
44 44 Grupo lmsa 2,300.2 6.1
45 41 Desc 2,264.8 -7.5
46 45 Grupo Televisa 2,146.8 5.1
47 47 Usiminas 2,104.2 4.9
48 68 CPFL 2,056.1 44.2
49 58 Puerto de Liverpool 1,995.6 21.2
50 51 Cemig 1,978.0 11.5
51 48 Gruma 1,948.9 6.6
52 53 KOF Coca-Cola Femsa 1,910.9 13.3
53 8 Grupo Sanborns 1,811.7 15.0
54 60 Nadro 1,781.4 11.2
55 59 Saba Casa Grupo 1,771.2 8.8
56 52 Vapores 1,720.1 -1.3
57 50 CSN 1,716.3 -3.4
58 56 Kimberly Clark de Mexico 1,706.8 2.7
59 62 Grupo Elektra 1,704.0 10.8
60 67 Perez Companc 1,654.0 14.1
61 66 Sadia 1,566.5 6.3
62 61 Endesa 1,536.5 -0.1
63 -- Bunge Brasil 1,505.4 31.7
64 54 Sabesp 1,480.2 -13.7
65 55 Brasmotor 1,458.9 -13.1
66 -- Siderca 1,453.9 54.1
67 57 Multibras 1,432.9 -12.7
68 64 Copene 1,419.3 -4.2
69 78 Grupo Corvi 1,419.1 13.9
70 69 LanChile 1,416.0 -0.6
71 71 D&S 1,382.2 -1.2
72 65 CTC 1,352.4 -8.3
73 77 Almacenes Exito 1,349.6 5.5
74 72 CMPC 1,276.7 -8.2
75 70 Telesp Celular 1,269.7 -10.3
76 63 Hylsamex 1,258.1 -15.2
77 100 Pepsi-Gemex 1,207.2 24.9
78 -- TAM 1,168.3 11.6
79 86 Falabella 1,168.1 6.0
80 76 Suzano 1,161.1 -9.2
81 93 Industrias Penoles 1,091.1 7.3
82 80 EBE 1,086.8 -9.8
83 -- Entel 1,074.7 18.3
84 99 Bachoco Industrias 1,053.5 9.8
85 -- Corporacion Durango 1,050.0 -10.9
86 -- Perdigao 1,048.8 16.3
87 96 Klabin 1,048.8 8.9
88 74 Telefonica del peru 1,033.4 -21.3
89 79 Copesul 1,024.1 -17.0
90 89 Souza Cruz 1,023.6 -1.8
91 84 Belgo Mineira 1,020.9 -11.2
92 -- Grupo Continental 1,015.1 7.7
93 82 Globex 1,011.0 -15.2
94 -- Grupo TMM 1,002.1 1.2
95 81 ICA 998.5 -8.6
96 98 Apasco 995.1 3.6
97 97 Ultrapar 984.6 2.5
98 90 Copel 974.8 -5.7
99 87 Acesita 930.9 -14.1
100 92 Refinaria Ipiranga 921.9 -8.4
NET SALES
RANK COMPANY 2002F 2003F
this year last year US$ Mill. US$ Mill.
1 1 Petrobras 22,430.0 22,316.3
2 3 Telmex 11,939.3 12,620.5
3 2 Telecom Carso Global N/A N/A
4 5 Wal-Mart de Mexico 11,570.9 13,361.4
5 -- Repsol YPF N/A N/A
6 7 Eletrobras 7,970.6 8,689.1
7 6 Petrobras Distribuidora 5,852.2 4,944.0
8 9 Cemex 6,882.0 7,151.0
9 4 Grupo Carso 5,667.0 5,848.8
10 11 Femsa 5,758.3 6,230.8
11 13 Ipiranga Distribuidora N/A N/A
12 12 Alfa 4,889.8 5,197.9
13 10 CVRD 4,547.4 4,786.5
14 -- America Movil 5,573.3 6,597.7
15 14 Enersis 4,430.2 4,682.0
16 15 Telemar 4,465.3 4,634.0
17 18 Ipiranga Petroquimica N/A N/A
18 19 Telesp N/A N/A
19 17 Light 3,283.9 3,377.0
20 26 Grupo Industrial Bimbo 4,422.0 4,755.0
21 -- Telemar Norte Leste N/A N/A
22 25 Comercial Mexicana 3,725.5 3,946.8
23 21 Antarchile N/A N/A
24 22 Copec 3,722.8 3,758.7
25 30 Grupo Modelo 3,791.5 4,079.9
26 16 Pao de Acucar 3,578.3 3,867.7
27 32 Grupo Gigante 3,484.1 3,696.3
28 24 Embratel 2,831.2 2,559.4
29 37 Organizacion Soriana 3,484.8 3,884.6
30 29 Cintra N/A N/A
31 31 Vitro 2,826.0 2,709.3
32 28 Telecom Argentina 1,080.2 951.0
33 38 Cantv 2,449.7 2,375.7
34 20 Grupo Minero de Mexico 3,055.0 3,718.0
35 39 Embraer 2,880.6 3,200.1
36 35 AmBev 2,915.1 3,029.2
37 33 Itausa N/A N/A
38 43 Brasil Telecom 2,704.1 2,767.7
39 40 Panamco 2,700.5 2,831.5
40 34 Varig N/A N/A
41 23 Telefonica de Argentina N/A N/A
42 42 Eletropaulo 2,330.7 2,436.1
43 36 Gerdau 2,894.6 3,125.5
44 44 Grupo lmsa 2,596.7 2,753.0
45 41 Desc 2,273.0 2,359.1
46 45 Grupo Televisa 2,208.5 2,438.7
47 47 Usiminas 2,050.2 2,068.8
48 68 CPFL N/A N/A
49 58 Puerto de Liverpool N/A N/A
50 51 Cemig 1,783.7 1,884.2
51 48 Gruma 1,925.8 1,915.4
52 53 KOF Coca-Cola Femsa 1,839.3 1,955.6
53 8 Grupo Sanborns 1,786.3 1,884.0
54 60 Nadro N/A N/A
55 59 Saba Casa Grupo N/A N/A
56 52 Vapores N/A N/A
57 50 CSN 1,904.7 2,077.0
58 56 Kimberly Clark de Mexico 1,805.3 1,859.1
59 62 Grupo Elektra 1,899.5 2,046.0
60 67 Perez Companc 1,165.7 1,274.7
61 66 Sadia 1,530.7 1,581.6
62 61 Endesa 1,550.5 1,608.3
63 -- Bunge Brasil N/A N/A
64 54 Sabesp 1,564.9 1,578.7
65 55 Brasmotor N/A N/A
66 -- Siderca 1,025.5 1,230.6
67 57 Multibras N/A N/A
68 64 Copene N/A N/A
69 78 Grupo Corvi N/A N/A
70 69 LanChile 1,376.6 1,535.0
71 71 D&S 1,565.3 1,805.1
72 65 CTC 1,418.7 1,493.9
73 77 Almacenes Exito 1,386.0 1,402.0
74 72 CMPC 1,359.9 1,508.0
75 70 Telesp Celular 1,294.0 1,376.6
76 63 Hylsamex 1,332.8 1,448.9
77 100 Pepsi-Gemex 1,306.3 1,388.3
78 -- TAM N/A N/A
79 86 Falabella 1,331.3 1,493.4
80 76 Suzano 788.0 841.0
81 93 Industrias Penoles 1,117.7 1,227.6
82 80 EBE N/A N/A
83 -- Entel 1,256.9 1,431.9
84 99 Bachoco Industrias 1,131.5 1,193.2
85 -- Corporacion Durango 1,005.5 1,120.8
86 -- Perdigao 1,081.7 1,134.8
87 96 Klabin 1,013.4 1,154.8
88 74 Telefonica del peru N/A N/A
89 79 Copesul N/A N/A
90 89 Souza Cruz 979.7 940.2
91 84 Belgo Mineira 1,005.4 1,091.6
92 -- Grupo Continental 1,077.0 1,166.0
93 82 Globex 1,003.9 1,086.6
94 -- Grupo TMM N/A N/A
95 81 ICA 914.0 983.0
96 98 Apasco 1,025.0 1,070.5
97 97 Ultrapar 1,045.0 1,072.0
98 90 Copel 1,113.0 1,275.0
99 87 Acesita N/A N/A
100 92 Refinaria Ipiranga N/A N/A
NET INCOME
RANK COMPANY 2001 % Change
this year last year US$ Mill. '00/'01
1 1 Petrobras 4,252.3 -16.4
2 3 Telmex 2,564.9 -7.2
3 2 Telecom Carso Global 597.9 -0.3
4 5 Wal-Mart de Mexico 457.8 22.9
5 -- Repsol YPF 819.0 -33.4
6 7 Eletrobras 1,401.2 11.6
7 6 Petrobras Distribuidora 161.2 13.3
8 9 Cemex 1,179.1 23.8
9 4 Grupo Carso 271.2 0.0
10 11 Femsa 359.4 36.2
11 13 Ipiranga Distribuidora 26.1 -16.1
12 12 Alfa 62.7 -64.9
13 10 CVRD 1,314.7 20.5
14 -- America Movil -90.4 -198.6
15 14 Enersis 62.0 -60.5
16 15 Telemar 60.5 -83.3
17 18 Ipiranga Petroquimica 10.5 -55.7
18 19 Telesp 679.3 -9.6
19 17 Light -410.0 -194.8
20 26 Grupo Industrial Bimbo 161.2 -18.5
21 -- Telemar Norte Leste 21.2 279.4
22 25 Comercial Mexicana 85.0 -26.2
23 21 Antarchile 299.4 60.2
24 22 Copec 558.1 28.4
25 30 Grupo Modelo 395.5 16.1
26 16 Pao de Acucar 108.1 -36.4
27 32 Grupo Gigante 68.6 -35.6
28 24 Embratel -238.6 -180.9
29 37 Organizacion Soriana 160.3 -0.8
30 29 Cintra -141.5 -281.4
31 31 Vitro 14.7 -57.5
32 28 Telecom Argentina 47.0 -79.0
33 38 Cantv 104.4 181.0
34 20 Grupo Minero de Mexico -217.3 -188.1
35 39 Embraer 474.4 43.8
36 35 AmBev 338.1 40.6
37 33 Itausa 509.8 13.0
38 43 Brasil Telecom 112.5 -46.3
39 40 Panamco 118.0 123.4
40 34 Varig -207.2 -127.0
41 23 Telefonica de Argentina 160.0 -39.8
42 42 Eletropaulo 244.5 100.2
43 36 Gerdau 200.0 -0.5
44 44 Grupo lmsa 161.2 15.4
45 41 Desc 3.6 -87.3
46 45 Grupo Televisa 146.9 277.9
47 47 Usiminas 105.4 -2.5
48 68 CPFL 3.8 -90.4
49 58 Puerto de Liverpool 164.2 32.9
50 51 Cemig 206.0 -2.9
51 48 Gruma 31.4 34.2
52 53 KOF Coca-Cola Femsa 245.0 84.2
53 8 Grupo Sanborns 129.3 27.0
54 60 Nadro 41.5 41.1
55 59 Saba Casa Grupo 47.9 15.0
56 52 Vapores 25.9 -40.0
57 50 CSN 129.2 -85.0
58 56 Kimberly Clark de Mexico 315.7 -0.3
59 62 Grupo Elektra 124.1 5.8
60 67 Perez Companc 98.0 -63.3
61 66 Sadia 87.3 51.4
62 61 Endesa 106.1 -43.8
63 -- Bunge Brasil 87.3 180.4
64 54 Sabesp 93.2 -65.1
65 55 Brasmotor -4.0 -113.8
66 -- Siderca 156.5 96.1
67 57 Multibras 3.1 -94.5
68 64 Copene -12.2 -110.5
69 78 Grupo Corvi 17.0 0.2
70 69 LanChile 10.7 -77.8
71 71 D&S 59.6 19.1
72 65 CTC 6.2 103.1
73 77 Almacenes Exito 26.1 -35.4
74 72 CMPC 92.8 -54.9
75 70 Telesp Celular -479.9 -716.7
76 63 Hylsamex -243.6 -1,558.6
77 100 Pepsi-Gemex 70.0 35.6
78 -- TAM -24.3 -8,200.0
79 86 Falabella 78.8 -8.1
80 76 Suzano 131.6 -48.4
81 93 Industrias Penoles 27.4 291.8
82 80 EBE 19.5 -24.1
83 -- Entel 51.8 8.6
84 99 Bachoco Industrias 117.6 -7.7
85 -- Corporacion Durango 107.6 -33.4
86 -- Perdigao 72.5 212.4
87 96 Klabin -73.3 -1,147.1
88 74 Telefonica del peru -42.2 -136.2
89 79 Copesul -8.6 -116.9
90 89 Souza Cruz 273.4 8.1
91 84 Belgo Mineira 83.4 -72.4
92 -- Grupo Continental 120.1 18.0
93 82 Globex 16.8 -45.3
94 -- Grupo TMM 8.8 -34.2
95 81 ICA -455.7 -185.9
96 98 Apasco 194.9 -10.7
97 97 Ultrapar 57.0 -13.3
98 90 Copel 204.8 -7.0
99 87 Acesita -140.6 -1,908.6
100 92 Refinaria Ipiranga 7.1 -68.4
NET INCOME
RANK COMPANY 2002F 2003F
this year last year US$ Mill. US$ Mill.
1 1 Petrobras 4,388.3 4,555.3
2 3 Telmex 2,415.7 2,756.3
3 2 Telecom Carso Global N/A N/A
4 5 Wal-Mart de Mexico 538.7 651.0
5 -- Repsol YPF N/A N/A
6 7 Eletrobras 1,271.0 1,449.0
7 6 Petrobras Distribuidora 319.0 177.0
8 9 Cemex 1,058.7 1,203.1
9 4 Grupo Carso 394.1 405.0
10 11 Femsa 376.7 415.0
11 13 Ipiranga Distribuidora N/A N/A
12 12 Alfa 72.5 119.5
13 10 CVRD 889.1 1,147.6
14 -- America Movil 542.7 872.7
15 14 Enersis 248.3 414.0
16 15 Telemar -29.7 66.3
17 18 Ipiranga Petroquimica N/A N/A
18 19 Telesp N/A N/A
19 17 Light 42.9 180.6
20 26 Grupo Industrial Bimbo 170.0 271.0
21 -- Telemar Norte Leste N/A N/A
22 25 Comercial Mexicana 93.5 92.4
23 21 Antarchile N/A N/A
24 22 Copec 456.0 406.7
25 30 Grupo Modelo 462.9 542.8
26 16 Pao de Acucar 106.5 141.2
27 32 Grupo Gigante 83.7 88.0
28 24 Embratel -89.0 -51.7
29 37 Organizacion Soriana 172.0 194.8
30 29 Cintra N/A N/A
31 31 Vitro 204.0 39.0
32 28 Telecom Argentina -233.2 -200.5
33 38 Cantv -12.7 22.7
34 20 Grupo Minero de Mexico -109.0 -130.0
35 39 Embraer 388.9 497.0
36 35 AmBev 355.9 415.0
37 33 Itausa N/A N/A
38 43 Brasil Telecom 139.0 171.4
39 40 Panamco 181.3 202.3
40 34 Varig N/A N/A
41 23 Telefonica de Argentina N/A N/A
42 42 Eletropaulo 95.4 113.7
43 36 Gerdau 241.2 298.0
44 44 Grupo lmsa 160.7 185.0
45 41 Desc 48.5 66.5
46 45 Grupo Televisa 166.0 252.0
47 47 Usiminas 75.1 205.6
48 68 CPFL N/A N/A
49 58 Puerto de Liverpool N/A N/A
50 51 Cemig 173.5 264.9
51 48 Gruma 41.4 52.4
52 53 KOF Coca-Cola Femsa 272.0 297.2
53 8 Grupo Sanborns 161.6 176.2
54 60 Nadro N/A N/A
55 59 Saba Casa Grupo N/A N/A
56 52 Vapores N/A N/A
57 50 CSN 112.1 202.1
58 56 Kimberly Clark de Mexico 320.0 346.0
59 62 Grupo Elektra 86.0 103.0
60 67 Perez Companc -57.5 161.4
61 66 Sadia 64.6 87.4
62 61 Endesa 153.5 179.4
63 -- Bunge Brasil N/A N/A
64 54 Sabesp 146.9 243.3
65 55 Brasmotor N/A N/A
66 -- Siderca 147.0 174.2
67 57 Multibras N/A N/A
68 64 Copene N/A N/A
69 78 Grupo Corvi N/A N/A
70 69 LanChile -12.8 22.2
71 71 D&S 68.0 88.0
72 65 CTC 77.0 97.5
73 77 Almacenes Exito 89.0 42.0
74 72 CMPC 166.8 263.8
75 70 Telesp Celular -107.5 41.0
76 63 Hylsamex -161.0 146.0
77 100 Pepsi-Gemex 84.0 96.8
78 -- TAM N/A N/A
79 86 Falabella 96.5 113.0
80 76 Suzano 117.3 156.5
81 93 Industrias Penoles 17.5 44.6
82 80 EBE N/A N/A
83 -- Entel 94.1 120.5
84 99 Bachoco Industrias 142.5 144.6
85 -- Corporacion Durango 33.8 78.7
86 -- Perdigao 67.6 82.1
87 96 Klabin 57.3 117.6
88 74 Telefonica del peru N/A N/A
89 79 Copesul N/A N/A
90 89 Souza Cruz 282.8 279.6
91 84 Belgo Mineira 119.0 136.0
92 -- Grupo Continental 117.0 131.0
93 82 Globex 17.6 36.3
94 -- Grupo TMM N/A N/A
95 81 ICA -40.3 2.0
96 98 Apasco 178.0 198.5
97 97 Ultrapar 64.2 71.7
98 90 Copel 207.8 307.7
99 87 Acesita N/A N/A
100 92 Refinaria Ipiranga N/A N/A
TOTAL ASSETS
RANK COMPANY 2001 % Change
this year last year US$ Mill. '00/'01
1 1 Petrobras 32,390.4 -5.4
2 3 Telmex 17,130.0 4.5
3 2 Telecom Carso Global 17,640.9 -30.7
4 5 Wal-Mart de Mexico 5,706.6 9.9
5 -- Repsol YPF 13,183.0 -0.4
6 7 Eletrobras 45,183.8 -3.1
7 6 Petrobras Distribuidora 1,594.3 -6.2
8 9 Cemex 16,247.9 8.2
9 4 Grupo Carso 7,051.2 -20.4
10 11 Femsa 5,268.9 15.3
11 13 Ipiranga Distribuidora 930.9 -7.6
12 12 Alfa 7,347.2 -3.4
13 10 CVRD 11,379.7 -6.6
14 -- America Movil 10,510.0 13.0
15 14 Enersis 18,755.7 -2.7
16 15 Telemar 11,535.1 15.8
17 18 Ipiranga Petroquimica 750.2 -9.7
18 19 Telesp 9,837.9 -3.7
19 17 Light 3,436.2 -55.6
20 26 Grupo Industrial Bimbo 2,437.9 -2.7
21 -- Telemar Norte Leste 9,292.2 214.3
22 25 Comercial Mexicana 2,312.0 9.3
23 21 Antarchile 6,453.1 -10.8
24 22 Copec 6,376.8 -10.4
25 30 Grupo Modelo 5,652.8 19.4
26 16 Pao de Acucar 3,137.9 -8.3
27 32 Grupo Gigante 2,130.3 16.6
28 24 Embratel 5,368.9 -10.7
29 37 Organizacion Soriana 2,179.9 20.2
30 29 Cintra 1,966.6 -7.9
31 31 Vitro 3,422.2 3.1
32 28 Telecom Argentina 6,626.0 -7.3
33 38 Cantv 5,662.3 -14.6
34 20 Grupo Minero de Mexico 8,733.5 3.4
35 39 Embraer 3,329.7 27.7
36 35 AmBev 4,753.0 7.6
37 33 Itausa 36,572.5 -1.1
38 43 Brasil Telecom 6,326.0 -12.9
39 40 Panamco 2,693.0 -11.0
40 34 Varig 1,703.9 8.2
41 23 Telefonica de Argentina 5,378.0 -27.3
42 42 Eletropaulo 4,917.0 11.6
43 36 Gerdau 4,208.9 19.2
44 44 Grupo lmsa 3,035.1 11.1
45 41 Desc 3,025.4 -9.8
46 45 Grupo Televisa 5,251.9 11.7
47 47 Usiminas 5,971.5 -9.2
48 68 CPFL 4,520.0 20.3
49 58 Puerto de Liverpool 2,024.1 18.2
50 51 Cemig 5,695.3 -6.7
51 48 Gruma 2,283.2 4.1
52 53 KOF Coca-Cola Femsa 1,509.9 33.6
53 8 Grupo Sanborns 2,182.7 -46.6
54 60 Nadro 651.7 31.2
55 59 Saba Casa Grupo 737.8 17.5
56 52 Vapores 1,025.5 -5.2
57 50 CSN 5,789.1 -25.9
58 56 Kimberly Clark de Mexico 2,408.5 11.0
59 62 Grupo Elektra 1,666.7 12.5
60 67 Perez Companc 6,180.0 12.6
61 66 Sadia 1,490.0 -11.2
62 61 Endesa 9,350.9 -5.4
63 -- Bunge Brasil 3,474.3 108.3
64 54 Sabesp 6,860.0 -11.7
65 55 Brasmotor 1,267.2 -17.2
66 -- Siderca 2,267.5 6.2
67 57 Multibras 1,228.4 -16.8
68 64 Copene 2,383.5 24.3
69 78 Grupo Corvi 478.4 18.6
70 69 LanChile 1,422.5 23.0
71 71 D&S 1,009.4 -0.9
72 65 CTC 4,542.5 -12.7
73 77 Almacenes Exito 1,014.4 60.2
74 72 CMPC 3,781.2 -4.1
75 70 Telesp Celular 2,961.6 -6.7
76 63 Hylsamex 2,898.4 -6.2
77 100 Pepsi-Gemex 1,158.7 2.9
78 -- TAM 1,205.0 -16.2
79 86 Falabella 1,350.7 11.7
80 76 Suzano 2,118.2 5.1
81 93 Industrias Penoles 1,859.3 3.9
82 80 EBE 818.2 -39.2
83 -- Entel 1,813.6 -0.6
84 99 Bachoco Industrias 1,121.6 11.5
85 -- Corporacion Durango 2,147.7 -1.9
86 -- Perdigao 1,044.7 -8.6
87 96 Klabin 1,914.6 -14.1
88 74 Telefonica del peru 2,780.6 -14.3
89 79 Copesul 1,163.6 -12.6
90 89 Souza Cruz 940.4 -19.3
91 84 Belgo Mineira 1,874.3 -7.4
92 -- Grupo Continental 849.1 3.9
93 82 Globex 566.3 -17.9
94 -- Grupo TMM 2,798.1 5.8
95 81 ICA 1,884.5 -23.8
96 98 Apasco 1,854.9 15.8
97 97 Ultrapar 841.2 -18.3
98 90 Copel 3,763.1 -7.5
99 87 Acesita 2,552.4 -5.6
100 92 Refinaria Ipiranga 1069.8 -10.5
Source: Economatica, individual stock exchange, CS First Boston,
Deutsche Bank, Goldman Sachs, Interacciones case Bolsa. J.P. Morgan
Chase, Merrill Lynch, Santander Central Hispano Investment, Salomon
Smith Barney, UBS Warburg, LATIN TRADE
N/A = Not available
F = Forecast
TOP 25 BY PROFITS
Ranked by net income as of Dec. 31, 2001
Rank COMPANY COUNTRY SECTOR
this year last year
1 1 Petrobras Brazil Oil, gas
2 2 Telmex Mexico Telecom
3 3 Eletrobras Brazil Electricity
4 4 CVRD Brazil Mining
5 5 Cemex Mexico Cement
6 -- Repsol YPF Argentina Oil, gas
7 7 Telesp Brazil Telecom
8 8 Telecom Carso Global Mexico Telecom
9 10 Copec Chile Forestry
10 9 Itausa Brazil Holding
11 14 Embraer Brazil Aviation
12 11 Wal-Mart de Mexico Mexico Retail
13 13 Grupo Modelo Mexico Beverages
14 22 Femsa Mexico Beverages
15 -- AmBev Brazil Beverages
16 15 Kimberly Clark de Mexico Mexico Paper, pulp
17 -- Antarchile Chile Holding
18 -- Souza Cruz Brazil Tobacco
19 18 Grupo Carso Mexico Holding
20 -- KOF Coca-Cola Femsa Mexico Beverages
21 -- Eletropaulo Brazil Electricity
22 -- Cemig Brazil Electricity
23 -- Copel Brazil Electricity
24 -- Gerdau Brazil Steel
25 -- Apasco Mexico Cement
Rank COMPANY NET INCOME
this year last year US$ Millions
1 1 Petrobras 4,252.3
2 2 Telmex 2,564.9
3 3 Eletrobras 1,401.2
4 4 CVRD 1,314.7
5 5 Cemex 1,179.1
6 -- Repsol YPF 819.0
7 7 Telesp 679.3
8 8 Telecom Carso Global 597.9
9 10 Copec 558.1
10 9 Itausa 509.8
11 14 Embraer 474.4
12 11 Wal-Mart de Mexico 457.8
13 13 Grupo Modelo 395.5
14 22 Femsa 359.4
15 -- AmBev 338.1
16 15 Kimberly Clark de Mexico 315.7
17 -- Antarchile 299.4
18 -- Souza Cruz 273.4
19 18 Grupo Carso 271.2
20 -- KOF Coca-Cola Femsa 245.0
21 -- Eletropaulo 244.5
22 -- Cemig 206.0
23 -- Copel 204.8
24 -- Gerdau 200.0
25 -- Apasco 194.9
TOP 25 BY ASSETS
Ranked by assets as of Dec. 31, 2001
RANK COMPANY COUNTRY SECTOR
this year last year
1 1 Eletrobras Brazil Electricity
2 2 Itausa Brazil Holding
3 3 Petrobras Brazil Oil, gas
4 5 Enersis Chile Electricity
5 4 Telecom Carso Global Mexico Telecom
6 6 Telmex Mexico Telecom
7 7 Cemex Mexico Cement
8 -- Repsol YPF Argentina Oil, gas
9 10 Telemar Brazil Telecom
10 8 CVRD Brazil Mining
11 -- America Movil Mexico Telecom
12 9 Telesp Brazil Telecom
13 11 Endesa Chile Electricity
14 -- Telemar Norte Leste Brazil Telecom
15 13 Grupo Minero de Mexico Mexico Mining
16 17 Alfa Mexico Holding
17 12 Grupo Carso Mexico Holding
18 15 Sabesp Brazil Water
19 21 Telecom Argentina Argentina Telecom
20 20 Antarchile Chile Holding
21 22 Copec Chile Forestry
22 19 Brasil Telecom Brazil Telecom
23 -- Perez Companc Argentina Petrochemicals
24 25 Usiminas Brazil Steel
25 14 CSN Brazil Steel
RANK COMPANY ASSETS
this year last year US$ Millions
1 1 Eletrobras 45,183.8
2 2 Itausa 36,572.5
3 3 Petrobras 32,390.4
4 5 Enersis 18,755.7
5 4 Telecom Carso Global 17,640.9
6 6 Telmex 17,130.0
7 7 Cemex 16,247.9
8 -- Repsol YPF 13,183.0
9 10 Telemar 11,535.1
10 8 CVRD 11,379.7
11 -- America Movil 10,510.0
12 9 Telesp 9,837.9
13 11 Endesa 9,350.9
14 -- Telemar Norte Leste 9,292.2
15 13 Grupo Minero de Mexico 8,733.5
16 17 Alfa 7,347.2
17 12 Grupo Carso 7,051.2
18 15 Sabesp 6,860.0
19 21 Telecom Argentina 6,626.0
20 20 Antarchile 6,453.1
21 22 Copec 6,376.8
22 19 Brasil Telecom 6,326.0
23 -- Perez Companc 6,180.0
24 25 Usiminas 5,971.5
25 14 CSN 5,789.1
SOURCE: Economatica, Individual stock exchanges, LATIN TRADE
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