Twenty-two Peruvian companies distributed profit-sharing equivalent to 18 monthly salaries to their employees in 2023. This is the maximum allowed by Peruvian labor law. Eight of these companies were in the mining sector. The data comes from Fondoempleo's 2023 annual report, which lists companies with surplus funds after distributing the maximum profit-sharing.
The mining industry's high profitability is highlighted as a driver for substantial profit-sharing. Miners are legally required to distribute 8% of net income as profit-sharing. This sector's significant contribution to Peru's GDP contributes to its leading position in profit-sharing.
The report also notes that some state-owned enterprises with private-sector regulations also participated in distributing the maximum profit-sharing, including two electric companies: Empresa de Generación Eléctrica de Arequipa and Electroperú.