Large Honduran companies earned $2.5 on average

The Government of Honduras reported the earnings for the last fiscal period for large companies from various sectors.

Thursday, January 8, 2009

Financial intermediaries earned $6.6 million on average, while transport, storage and communication companies earned $5.45 million, and mining and quarry companies earned $17 million.

Data was given in response to complaints from business owners about the increase of the minimum wage, according to the Government "they are opposed to the minimum due to lack of solidarity.

More on this topic

Costa Rica: Single Tax of 15% on Financial Income

March 2015

If the Treasury's proposal succeeds, interest on bank deposits would incur 8% to 15%, while for revenues generated by mutual funds, the tax would rise from 5% to 15%.

This unification is due to the fact that currently there are different taxes for similar types of income, therefore the tax is not neutral, according to the CEO of Taxation.

Copa Holdings Increases Profits 46%

February 2009

Copa Holdings S.A., a holding company of Copa Airlines y Aero República, gained $51.9 in the fourth quarter of 2008, 46.1% more than the same period of 2007.

The operating revenue of the business, which lists in the New York Stock Exchange under the ticker CPA, were $84 million -an increase of 95.5% in comparison with $43 million obtained in the last quarter of 2007.

Metal mining companies in Honduras deny million dollar earnings

January 2009

The Metal Mining Association rejected declarations by the head of t he Executive Income Department about earnings by the sector that exceeded $17 million in 2007.

The website of the La Tribuna reported that "The president of Anamimh, Santos Gabino Carvajal, said that the report by Sarmiento on the alleged earnings by various sectors of the economy in 2007, given during a press conference at the Presidential House, was 'malicious and speculative.' According to Carbajal, the director of the DEI is trying to confuse public opinion by not highlighting the difference between metallic and no-metallic mining and by not pointing out that the companies also have costs of operations.

Guatemalan Banks report $292 million in earnings

December 2008

Despite the slowdown of the economy, banks reported on October 30 that they had an increase of 23% in comparison to October 2007.

The entity with the best results was Banrural, with $90 million (Q616.2 million) or an substantial increase compared tot he $73 million (Q559.3 million) recorded in the first ten months of last year.

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