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:
|1||Petrobras-Petroleo Brasil||PBR||Oil & Gas Operations||104.81||16.63|
|3||Banco do Brasil||OTCPK:BDORY||Banking||56.1||5.82|
|8||Cielo||OTCPK:CIOXY||Business Services & Supplies||1.98||0.88|
|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.