• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
Fishing sector rejects proposal to expand the Galapagos marine reserve
Municipality of Guayaquil announces that it will acquire the Russian vaccine Sputnik V, the Chinese Sinovac and the Oxford doses
Flights in Ecuador fail to recover the frequencies of before the pandemic
Achievements of digital transformation are exposed in “A Digitized Country, A Modern Country”
Yaku Pérez: ‘I am not a supporter of violence; I am adept of a resistance ‘
If the bill for the Defense of Dollarization in Ecuador is not approved, the next IMF disbursement of $ 450 million would be put on hold
77 rural schools will open their doors amid the pandemic as part of a pilot plan
New technologies and the use of digital banking are key to reactivation, according to expert
Local mafias vie for spaces to operate with Mexican cartels
Remote work continues in the public sector of the Executive until March 14

A recessive year has a negative impact on profits

Posted On 12 Apr 2017
Net profits fell by 11.3% last year compared to 2015, according to figures from 54 companies listed on the Quito Stock Exchange.
Paul McEvoy, the general manager of the BVQ (Quito Stock Exchange for its Spanish acronym), said a “not very encouraging” economic scenario had been envisaged for companies in recent years, thus leading to a reduction in the demand for consumption of goods and services.
Last year the economy of the country fell by 1.5%, according to figures from the Central Bank of Ecuador. Of eighteen sectors, ten plummeted. Renato Carló, president of the Chamber of Small Industries of Guayas, considered that his guild registers 900 active companies and trade fell by 22% last year compared to the previous year.
These results, he said, have impacted on profits and on the bonuses paid to workers until this April 15.
In the case of the 54 companies analyzed by the BVQ, more than half registered a reduction in the amount allocated for the payment of the Income Tax caused and the profits bonuses to workers compared to the value disbursed in 2015.
These companies include banks, importing business of pharmaceutical products, insurance companies, paper companies, among others. The profits figures reached those recorded four years ago.

 

Source: http://www.elcomercio.com/actualidad/ecuador-recesion-empresas-utilidades-economia.html

About the Author
  • google-share
Previous Story

Marches in Quito, Guayaquil, and Ambato continue for the eight-day

Next Story

A new demonstration takes place in the Plaza de Santo Domingo, in Quito

SEARCH

LATEST NEWS

Fishing sector rejects proposal to expand the Galapagos marine reserve

Posted On 03 Mar 2021

Municipality of Guayaquil announces that it will acquire the Russian vaccine Sputnik V, the Chinese Sinovac and the Oxford doses

Posted On 03 Mar 2021

Flights in Ecuador fail to recover the frequencies of before the pandemic

Posted On 03 Mar 2021
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net