MercadoLibre Q1 profit plummets by Léo Siqueira in Automotive, Real Estate 06 May 2015 MercadoLibre (Meli:Nasdaq), a Latin American ecommerce technology platform, posted a net income of $1.7 million in the first quarter (Q1) of 2015, a 94.3 percent decrease year-on-year in U.S. currency. When compared to the Q4 2014 profit, the company’s current quarterly result is 95 percent worse. What happened to MercadoLibre to register a so drastic fall in profit? According to the Latin American player, Venezuela played an important role in diminishing… Read More This article is only available to AIM Group clients. Please subscribe now or log in to view. Share classifiedsFinancial resultsLatin AmericamercadolibreVenezuelavenezuela Léo Siqueira Léo Siqueira joined the AIM Group in 2014 as writer and analyst for Latin America. He is a multimedia journalist based in, but not limited to Campinas, Sao Paulo. Siqueira has been writing, reporting, and consulting for different news outlets and corporations in Brazil and in the US. Siqueira has worked for almost three years as a correspondent in Brazil with ICIS, the world’s largest information provider for the global petrochemical industry, and has been working with other global publishers, such as USA TODAY and Motorsport.com. His expertise includes general news coverage, online, print and multimedia journalism, and corporate communications as well. In this particular area, he has been working with international clients.