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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment, Performance

Temasek portfolio value hits record S$198 bln

Posted on 06 July 2012

Singapore investment firm Temasek Holdings has reported a fall in net profit for the fiscal year ended March 31. Temasek’s group net profit declined 16 per cent to S$10.7 billion. This, after a doubling of net profit in the previous year.
Despite lower group profit and market volatility, the investment firm’s portfolio value grew by S$5 billion to a record S$198 billion. Amid the slower global economy, Singapore Airlines and Neptune Orient Lines are some of Temasek’s portfolio companies that have seen lower earnings, which contributed to a lower group net profit. ……………………………………….Full Article: Source


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