Market cap of 20 GLCs doubled to RM319b

KUALA LUMPUR: The market capitalisation of the 20 Government-linked
companies (GLCs) more than doubled from RM140bil in May 2004 to
RM319bil in May this year under the GLC Transformation programme.
The
Secretariat to the Putrajaya Committee on GLC High Performance (PCG)
said on Tuesday the 20 GLCs' net income grew 18.2% per annum from
RM9.0bil in FY2004 to an all-time high of RM20.1bil in FY2011.
Total shareholder returns of these 20 GLCs outperformed the rest of non-G20 FBM KLCI
by 0.8% per annum during the period, it said adding that they were
"growing at 13.7% per annum compared with non-G20 FBM KLCI's 12.9% per
annum".
The PCG said these companies' performances reflected the
strong progress of the GLC Transformation programme which had entered
its eighth year of the 10-year implementation.
In its progress
review 2012, it said the GLCs were on a growth trajectory, as reflected
in the FY2011 results in terms of total shareholder returns, net
income, economic profit and other balance sheet numbers showing
significant improvements.