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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Temasek’s net profit falls 16 pct to $10.7bln

Posted on 09 July 2012

Temasek Holdings said yesterday that the size of its portfolio grew to a record high in the last financial year, but net profit fell because of a tougher business environment. Investing mainly in Asia, its portfolio stood at S$198 billion at the end of March this year, up from S$193 billion a year ago.
Group net profit, however, fell 16 per cent to S$10.7 billion from S$12.7 billion a year earlier. This was due to lower operating profits from companies in its portfolio. It was also due to a difficult external environment………………………………………..Full Article: Source


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