Business

Khazanah registers higher pre-tax profit of RM3.1 billion for 2013

Managing director of Khazanah Nasional Berhad, Tan Sri Datuk Azman Mokhtar speaks during a press conference at the Mandarin Oriental hotel, Kuala Lumpur, today. – The Malaysian Insider pic by Afif Abd Halim, June 10, 2014.Managing director of Khazanah Nasional Berhad, Tan Sri Datuk Azman Mokhtar speaks during a press conference at the Mandarin Oriental hotel, Kuala Lumpur, today. – The Malaysian Insider pic by Afif Abd Halim, June 10, 2014.Khazanah Nasional Bhd registered a higher pre-tax profit of RM3.1 billion for the financial year ended December 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% to RM103.5 billion as at December 31, 2013 from RM86.9 billion in 2012.

Realisable asset value rose 11.1% 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 said.

The Khazanah report aimed to fulfil its objective as a conduit to provide comprehensive updates on the group's operations, activities and performance. – Bernama, June 10, 2014.

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