Khazanah sees best performance to date

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Published thestar Wednesday January 18, 2012 MYT 5:50:00 PM

KUALA LUMPUR: Khazanah Nasional's profits before taxes jumped 156.3% for its financial year ended Dec 31, 2011 to RM5.3 billion swelled by ongoing divestments in government-linked firms.

Khazanah's managing director Tan Sri Azman Mokhtar said this was the government investment arm's “best performance to date” and added that profits had been swelled by ongoing divestments in Plus Expressways and in POS Malaysia among others.

Khazanah paid RM3 billion in total dividends to the Government last year.

Azman said at a media briefing that some components within Khazanah's portfolio, notably in TNB, had dragged the performance down marginally. He added that this was due to the gas shortage situation.

For Further Reading,

Azman Mokhtar, Bloomberg, Khazanah Nasional Berhad, KZNB: MK, Malaysia