Gruma, Mexichem, Natura, Petrobras: Latin America Equity Preview

The following companies may have unusual price changes in Latin American trading. Stock symbols are in parentheses and share prices reflect the previous close.

The MSCI Latin America Index fell for a third day, slipping 0.1 percent to 4,403.47.

Argentina

Tenaris SA (TS AR): The world’s largest maker of seamless pipes said fourth-quarter profit rose 44 percent to $320.9 million. The shares traded in Argentina gained 0.3 percent to 98.25 pesos.

Brazil

Natura Cosmeticos SA (NATU3 BS): Brazil’s biggest cosmetics maker said fourth-quarter profit rose 18 percent to 219.3 million reais ($131 million). Natura climbed 1.2 percent to 43.90 reais.

Cia. Brasileira de Distribuicao Grupo Pao de Acucar (PCAR5 BS): Brazil’s biggest retailer posted consolidated net income of 447 million reais in the fourth quarter. Separately, the company said it agreed to buy shares it doesn’t already own in Sendas Distribuidora SA for 377 million reais.The stock fell 0.1 percent to 61 reais.

Petroleo Brasileiro SA (PETR4 BS): The state-controlled oil company received a license from the environmental regulator to conduct a “long-duration” output test at its offshore Lula field, according to an e-mail sent by the agency known as Ibama. Petrobras jumped 3.4 percent to 28.71 reais.

Ultrapar Participacoes SA (UGPA4 BS): The Brazilian fuels and petrochemicals group reported fourth-quarter net income of 247 million reais, up 81 percent from the same period a year earlier. The shares added 1.2 percent to 26.20 reais.

Chile

Cap SA (CAP CC): Chile’s largest steel producer and iron miner posted profit of $590 million for 2010, compared with a loss of $9.26 million in 2009. The stock retreated 2.4 percent to 21,508 pesos.

Colombia

Almacenes Exito SA (EXITO CB): Colombia’s biggest publicly traded retailer said full-year net income for 2010 was 254.8 billion pesos ($134 million). Exito gained 1.1 percent to 23,760 pesos.

Mexico

Genomma Lab Internacional SAB (LABB MM): The Mexican producer of over-the-counter drugs reported fourth-quarter net income of 461.7 million pesos ($37.9 million). Genomma plunged 4.1 percent to 28.07 pesos.

Gruma SAB (GRUMAB MM): Mexico’s largest maker of corn flour for tortillas reported fourth-quarter net income of 167 million pesos. The stock surged 6.5 percent to 25.34 pesos.

Mexichem SAB (MEXCHEM* MM): Latin America’s biggest maker of plastic pipes posted fourth-quarter net income of 724 million pesos. The company forecast 2011 sales growth of 16 percent and earnings growth before interest, tax, depreciation and amortization of 22 percent. The shares fell 1 percent to 40.89 pesos.

Organizacion Soriana SAB (SORIANAB MM): Mexico’s second- largest grocery store chain posted fourth-quarter net income of 1.2 billion pesos. Soriana slid 0.7 percent to 40.11 pesos.

TV Azteca SAB (TVAZTCPO MM): Billionaire Carlos Slim’s companies have stopped buying advertising from Mexico broadcaster TV Azteca SA, said an official with Slim’s group who can’t be named under company policy. The shares added 0.2 percent to 8.42 pesos.

To contact the reporter on this story: Jonathan J. Levin in Mexico City at jlevin20@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at dpapadopoulos@bloomberg.net

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