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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Temasek profit doubles to $10 bln

Posted on 08 July 2011

S DhanabalanSingapore’s state-linked investment firm Temasek Holdings said Thursday its net profit more than doubled in the year to March while the value of its global investments hit a record high. Net profit for the year ended March 31 totalled Sg$13 billion ($10.6 billion), compared with Sg$5.0 billion the previous year.
The company — which holds stakes in Singapore Airlines and other firms in telecoms, finance and real estate among others — also reported a record year-end portfolio value of Sg$193 billion, up from Sg$186 billion……………………………………….Full Article: Source


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