Economy

Economy May 27, 2019 | 8:45 am

AFP 1Q profits fall 25.8% but remain above US$50M

Santo Domingo.- The Pension Fund Administrators (AFP) posted a 25.8% fall in one year on increased expenses. Even so, their net profits remain above RD$1.0 billion (US$50 million) at the end of the first quarter. This Pensions Superintendence (Sipen) quarterly report indicates earnings of RD$1.02 billion between January and March, compared with the RD$1.4 billion in the same period of 2018.