• Categories
  • Archives

In Brazil, Banks Lead with US$ 10 Billion in Profits in First Half

Brazil's Bradesco Bank Total profits of the four main sectors represented by Brazil's Bovespa (São Paulo Stock Exchange) – banking, oil and gas, electric energy and mining – totaled 48 billion reais (US$ 30 billion) in the first half of the year, an increase of 9% in comparison with the same period last year.

The figures were presented by consultancy company Economática, which analyzed the figures for listed companies. These four sectors, represented by 73 companies, answered to 69.4% of the accumulated profits of the 317 Bovespa listed companies in the first half.

The leadership in the ranking of accumulated profit was for the banking sector, which includes 25 institutions. The net aggregate result of companies in this sector was 16.58 billion Brazilian reais (US$ 10.3 billion) in the first half of the year, growth of 13.1% over the same period in 2007.

In the second place comes the oil and gas sector, with six listed companies and aggregate net profit of 15.81 billion reais (US$ 9.8 billion), 41.3% growth over the first half of last year. Petrobras answered to the lion's share of this total.

The electric energy sector comes in the third position with added net profit of 8.765 billion reais (US$ 5.43 billion) against 7.818 billion in the first six months of 2007. This area is represented by 37 companies in the Bovespa and has risen one position in comparison with the ranking last year.

In the fourth position came the mining area, which had been in the third place from January to June 2007. The sector counts on five companies listed on the Bovespa, and Vale do Rio Doce is by far the largest. The sector's added profit totaled 6.937 billion reais (US$ 4.3 billion) in the first half of this year, against 10.94 billion in the same period last year, having been overtaken by the added profit of the electricity sector.

Economática also stated that the added profit of the 10 most profitable listed Brazilian companies reached 45.41 billion Brazilian reais (US$ 28.1 billion) in the first half, 65% of the result accumulated by all the companies listed on Bovespa in the period.

The largest in organizations are Petrobras (oil and gas), Vale (mining), Bradesco (banking), Itaú (banking), Banco do Brasil (banking), Gerdau (ironworks), Companhia Siderúrgica Nacional (ironworks), Usiminas (ironworks), Unibanco (banking) and Ambev (beverages).

Anba

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Instability Overseas and at Home Brings Sharp Declines to Brazil Market

Brazilian and Latin American shares in general followed global markets into the red, as ...

Air Force Brigadier Calls Lula and the PT Brazil’s Biggest Gang of Outlaws Ever

For the third time since the beginning of Lula’s campaign for reelection former members ...

At UN, Brazilian President Blasts Rich Nations for Not Sharing Wealth

Brazilian President Luiz Inácio Lula da Silva at the opening of the UN General ...

More Brazilian Soldiers Make Their Way to Haiti

The last group of Brazilian soldiers slated to join the 5th contingent of the ...

Brazil Gets Ready to Add Ethanol to Japan’s Car Tanks

Japan is conducting advanced research on the addition of ethanol to the fuel used ...

Holland and US Main Buyers of Brazilian Flowers

Brazilian exports of flowers and ornamental plants increased by 7.65% from January to June ...

Brazil’s Romance with France and Iran, a Game of Power and Nukes

Recently a major petroleum producing country located in a region recognized for anti-Americanism and ...

Brazil Takes Its Best Beauty Goods to the Emirates

This is the second consecutive year in which the Brazilian industry will be participating ...

Student shows hand painted with

Brazil Reinvents Politics as the Art of Getting Dirty and Still Win

A month before the presidential and legislative elections of October 2006, politics in Brazil ...

Indiscriminate Use of Pesticides is Rampant in Amazonas, Brazil

Eighty three percent of the fruit and vegetable producers in the cities of Manaus, ...