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The ten most profitable publicly-listed companies in Brazil that made it to the Forbes Global 2000 list for this year are listed below. Redecard, the credit card network services firm and a component of the Bovespa Index, is currently not traded on the US markets. Redecard plans to list on the US markets next year.

The 10 Most Profitable Brazilian Companies:

Rank

Company

Ticker

Industry

Sales ($bil)

Profits ($bil)

1 Petrobras-Petroleo Brasil PBR Oil & Gas Operations 104.81 16.63
2 Vale VALE Materials 27.82 5.88
3 Banco do Brasil OTCPK:BDORY Banking 56.1 5.82
4 Banco Bradesco BBD Banking 59.1 4.6
5 Eletrobras EBR Utilities 13.11 2.68
6 Itausa ITUB Conglomerates 66.36 2.25
7 CSN-Cia Siderurgica SID Materials 5.57 1.32
8 Cielo OTCQX:CIOXY Business Services & Supplies 1.98 0.88
9 Cemig CIG Utilities 4.75 0.82
10 Redecard N/A Business Services & Supplies 1.39 0.8

Banco do Brasil (OTCPK:BDORY) is state controlled and trades on the OTC market. The two largest private banks in the country are Itau Unibanco (NYSE:ITUB) and Banco Bradesco (NYSE:BBD). Emerging market oil firm Petrobras (NYSE:PBR) is becoming a major player in the global arena traditionally dominated by developed market firms. For example, Petrobras continues to grow in exploration and production and earned a profit of $16B compared to the most profitable US company, ExxonMobil (NYSE:XOM), which made $19B.

Source: The 10 Most Profitable Brazilian Companies