Invest Malaysia Khazanah FY13 pretax profit higher at RM3.1b

by **Cals** Wed 11 Jun 2014, 01:54

Invest Malaysia Khazanah FY13 pretax profit higher at RM3.1b

Business & Markets 2014

Written by Bernama

Tuesday, 10 June 2014 13:51

KUALA LUMPUR (June 10): Khazanah Nasional Bhd registered a higher pre-tax profit of RM3.1 billion for the financial year ended Dec 31, 2013 from RM2.1 billion recorded in the 2012 financial year.

In a statement, Khazanah Nasional said total revenue for the 2013 financial year amounted to RM7.6 billion which comprised dividend income of RM6.6 billion.

The government's strategic investment fund today released the 'Khazanah Report 2013' and 'GLC Transformation Programme Progress Review 2014' at the Invest Malaysia 2014 conference.

Last year, it made a total of 14 investments valued at RM6.7 billion and six divestments for a gain of RM682 million.

The Khazanah Report said the cumulative pre-tax profit, taxes paid and dividends declared over the period of May 2004 to end-2013 amounted to RM19.1 billion, RM1.2 billion and RM6.5 billion, respectively.

Managing Director Tan Sri Azman Mokhtar said Khazanah Nasional's net worth adjusted (NWA) increased 19.1 per cent to RM103.5 billion as at Dec 31, 2013 from RM86.9 billion in 2012.

Realisable asset value rose 11.1 per cent to RM135.1 billion for the 2013 financial year from RM121.5 billion last year.

"NWA growth was primarily driven by Telekom Malaysia Bhd, Axiata Group Bhd, UEM Group Bhd, Tenaga Nasional Bhd, CIMB Group Bhd and the healthcare sector," he added.

The Khazanah Report aimed to fulfill its objective as a conduit to provide comprehensive updates on the group's operations, activities and performance.