Sociedad Comercial del Plata S.A.
CVVIF
Other OTC0.00
USD
-0.14
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Sociedad Comercial del Plata S.A.
CVVIF
(Other OTC)
Recent
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ROIC.AI
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- Business
- Sociedad Comercial del Plata S.A. (CVVIF) is a diversified Argentine holding company that operates across construction, energy, agribusiness, transportation and infrastructure, real estate, and entertainment sectors primarily in Argentina and select international markets. Founded in 1927 and headquartered in Buenos Aires at Esmeralda 1320, the company produces construction materials including hollow ceramic bricks, floor and wall coverings, ceramics, porcelain tiles, and processed glass under the Cerro Negro, Losa, Cormela, and Superglass brands; explores, exploits, refines, markets, distributes, and stores hydrocarbons, fuel, lubricants, and petroleum derivatives while providing downstream services and developing liquefied petroleum gas and oil; offers rail freight services for grains and by-products from the humid pampas to ports; develops and manages real estate properties; and owns the Parque de la Costa amusement park alongside forestry activities. In agribusiness, it produces and markets wheat flour, breadcrumbs, batters, premixes for sponge cakes, mashed potatoes, polenta, olive oil, sunflower oil, balsamic vinegar, canned olives, precooked white corn flour, oats, dried pasta, biscuits, and legumes under the Morixe brand, as well as frozen pre-fried potatoes under the Rapipap brand. Recent developments include reporting a consolidated net profit of ARS 66.421 billion for fiscal year 2024, acquiring an additional stake in Compania General de Combustibles SA from Latin Exploration S.L.U., and divesting its remaining 10% stake in Lamb Weston Alimentos Modernos S.A. to Lamb Weston Holdings, Inc. in 2024 to streamline operations in the frozen potato segment. Publicly traded on the Buenos Aires Stock Exchange under ticker COME.BA, Sociedad Comercial del Plata S.A. maintains over 80,000 shareholders across 17 countries and employs around 1,200 people under CEO and Chairman Pablo José Arnaude.