The content has been shared, if you want to share this content with other users click here.
Peru's financial sector watchdog SBS has published private pension fund managers' earnings results for 2006. All figures are in real terms.
Industry leader AFP Integra reported flat earnings of 72.2mn soles (US$22.6mn) last year compared to 71.4mn soles the prior year. The company made an operating profit of 61mn soles, down 30% from 2005 period.
At end-2006, AFP Integra reported 14.7bn soles in assets under management, ranking as the country's largest AFP with a 32% market share.
Net income at AFP Horizonte fell 46% to 41.5mn soles in 2006 compared to 76mn soles the previous year. The company made an operating profit of 24.4mn soles in the period, a 74% drop over 2005.
As of December 31, last year AFP Horizonte had 11.0bn soles in assets under management and ranked as the country's number three player with a 24% market share.
Net profits at AFP Profuturo plunged 76% to 5.46mn soles last year compared to 22.0mn soles in 2005. The firm made an operating loss of 5.35mn soles compared to an operating profit of 33.3mn soles in 2005.
Profuturo had 6.89bn soles in assets under management at end-2006, ranking as the smallest player with a market share of 15%.