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Top 20 GLCs post record profits in 2012
by Cals Sat 15 Jun 2013, 10:41
| Top 20 GLCs post record profits in 2012 |
| Business & Markets 2013 |
| Written by Bernama |
| Friday, 14 June 2013 21:26 |
KUALA LUMPUR, June 14 (Bernama) -- The G20 or a selection of large
government-linked companies (GLCs) recorded a net profit RM25.8 billion in the
2012 financial year (FY12), up by RM5.2 billion or 25 per cent from FY11.
A statement by the Putrajaya Committee on GLC High Performance said G20
market capitalisation grew to an all-time high of RM405 billion as at May 31,
2013.
G20 delivered a Return on Equity of 13 per cent in FY12, up from 12 per
cent in FY11, it said.
Meanwhile, Khazanah Nasional reported a profit before tax of RM2.1 billion
for the year ended Dec 31, 2012, enabling a dividend pay-out of RM1 billion
to be declared for the year.
According to Khazanah Report 2012, Realisable Asset Value (RAV) increased
12.3 per cent to RM121.4 billion as at Dec 31, 2012 from RM108.2 billion the
year before.
-- BERNAMA
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