For instance, 4 of the 5 Argentine Companies with the highest stock market capitalizations report their financial statements to the US SEC.
Altogether there were 5 Argentine Companies with market caps now above 50 Bil Argentine Pesos (ARS) which filed their financial statements with the US SEC. The Argentine Peso is equal to US$0.592 now.
Three of these five Argentine Companies follow IFRS accounting principles and the other two follow Argentine Central Bank accounting principles.
After researching 2016 Audited Earnings in the three largest countries in Central and South America ..... Brazil, Mexico and Argentina ..... it is pretty clear that this region was really suffering on the earnings front in 2016.
From a review of company financial statements in the US SEC website, along with a review of Google's fine financial website, below are the Audited Earnings (Losses) From Continuing Operations for each fiscal year (FYE) from 2011 through 2016 for each of these 5 Argentine Companies:
| 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | ||
| Most | Audited | Audited | Audited | Audited | Audited | Audited | |
| Largest Argentine Companies | Recent | Net | Net | Net | Net | Net | Net |
| Filing With US SEC | 2016 | Income | Income | Income | Income | Income | Income |
| Reporting in Argentine Peso (ARS) | FYE | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) |
| mil ARS | mil ARS | mil ARS | mil ARS | mil ARS | mil ARS | ||
| Grupo Financiero Gallacia SA | Dec | 6,018 | 4,338 | 3,338 | 1,824 | 1,336 | 1,107 |
| Telecom Argentina SA | Dec | 4,005 | 3,435 | 3,729 | 3,254 | 2,732 | 2,542 |
| BBVA Banco Frances SA | Dec | 3,750 | 3,921 | 3,308 | 2,079 | 1,300 | 1,014 |
| Pampa Energia SA | Dec | (252) | 3,849 | 530 | 742 | (1,111) | (729) |
| YPF SA | Dec | (28,379) | 4,426 | 8,849 | 5,079 | 3,902 | 4,445 |
| Total all 5 | (14,858) | 19,969 | 19,754 | 12,978 | 8,159 | 8,379 | |
| 2016 Total Earnings Below 2015 | (34,827) |
