Andina

Peru: Profits reinvestment up 56% in 4Q 2017


Centro Financiero.Foto: ANDINA/Carlos Lezama

17:18 | Lima, Mar. 6.

Profits reinvestment in Peru reached US$1.617 billion in the fourth quarter of 2017, up by 56.3% over the same period in 2016, Central Reserve Bank (BCR) reported Tuesday.

This showed an upward trend, which marked three consecutive quarters of expansion.   

Thus, said reinvestments totaled US$5.513 billion in 2017, a 32.1% increase compared to 2016.

The result was driven by higher undistributed profits of mining companies

It must be noted the mining sector made the highest profits reinvestment in Peru back in 2017 (US$1.937 billion). 

(END) MMG/FGM/MVB


Published: 3/6/2018