| 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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