This is compared to a loss from operations of RM6.27 billion in 2018.
Khazanah Nasional Bhd, in the first full year of its refreshed mandate, reported a turnaround in overall performance for 2019 with record profits from operations contributed by higher divestment gains and lower impairments, and robust portfolio returns.
The strategic fund also declared a dividend of RM1 billion for 2019 while strengthening its financial position with expenses reduced by 28.2 percent to RM484 million, compared to RM674 million in 2018.“Our 2019 performance was achieved against a backdrop of uncertainties in the global landscape, which saw a prolonged Brexit process as well as the heightening of the US-China trade war.
The strategic fund achieved financial and strategic outcomes for specific assets despite the sluggish market in 2019.
United States Latest News, United States Headlines
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