The Superintendency of Companies (CS for its Spanish acronym) released the 2015 ranking of the largest private companies in Ecuador, the same that doesn´t have many variations with the report of 2014.
The Favorita Corporation maintained its leadership in the sales revenue category with $ 1,925 million and profits of $ 143’117.229, but last year the figures presented were $ 1.803 million and $ 198’340.715, respectively.
Secondly, Conecel reported in 2014 profits of more than $ 568 million, but in 2013 it reported $ 305 million. By contrast, sales revenue stood at $ 1.650’414,415, similar to that of 2013, which was $ 1.676’521,513.
In the top 10 of the control authority is as follows: The Favorita and Conecel, El Rosado SA corporation, General Motors del Ecuador SA, the National Food Processor (Pronaca), Omnibus BB Transportes SA, Otecel, Construction company Odebrecht and Ecuadorian Pharmaceutical Distributor (DIFARE) SA, all of the private sector.
The list corroborates that the automotive industry is one of the sectors with higher incomes. The 10 largest firms generate employment for a total of 429 326 people, while La Favorita has the largest labor force with 9,197 employees.
Only the top 10 companies generate sales revenues amounting to $ 9,249.5 million.