Lima, May 25, 2021.- The economic crisis that resulted in the Covid-19 pandemic had a strong impact on companies in the country - and the world. Last year, the profits of companies with foreign participation amounted to US$ 4,299 million, almost half of what was recorded in 2019.
However, in 2021 they started off on the right foot. The profits of these companies reached US$ 2,932 million in the first quarter of the year, in other words, US$ 2,100 million more than in the similar period of 2020, as a reflection of the better results of the mining sector (US$ 1,772 million more), in line with the increase in the price of the main export minerals, informed the Central Reserve Bank (BCR, for its acronym in Spanish).
On the other hand, the industry reached profits for US$ 500 million in the first quarter of this year, of which US$ 413 million were reinvested; likewise, the reinvestment of hydrocarbons reached US$331 million in the same period.
The BCR explained that, according to information from the Ministry of Energy and Mines (Minem), in the first quarter of 2021, the investment in the mining sector amounted to US$ 943 million, US$ 109 million less than in the first quarter of the previous year.