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Sovereign Wealth Funds Briefing - Categorized | Performance

CITIC Resources’ net profit down 43pct in 2009

Posted on 30 March 2010

From China Knowledge: CITIC Resources Holdings Ltd’s net profit for 2009 plunged 43% to HK$115.69 million from HK$204.26 million in 2008. Singapore’s state-owned Temasek Holdings Pte Ltd holds an 11.47% stake in CITIC Resources.

The Hong Kong-listed company attributed the decline to higher operating costs………………………………..Full Article: Source

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