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Brazilian apartment builder Plano & Plano took, by far, first place on Latin Trade’s ranking of Return on Equity (ROE), which is calculated among companies listed on regional stock exchanges. See the Profitability Drivers Index here.
In September of 2020, Plano & Plano posted a 39% ROE. The indicator – Net Income to Total Equity – averaged 4.5% for the remaining 285 firms included on Latin Trade’s list.
For those who follow Plano & Plano closely, this lead might not be news. The company’s impressive financial history has long placed this firm in a class of its own. It posted ROEs of 107% in 2017, 65% in 2018, and again 107% in 2019.