07 Jul '11, 8am

Temasek portfolio hits record $193 billion

Temasek portfolio hits record $193 billion

Temasek Holdings said on Thursday that the value of its portfolio reached a record high $193 billion at the end of its last financial year, while its net profit more than doubled from a year ago. -- ST PHOTO: SAMUEL HE TEMASEK Holdings said on Thursday that the value of its portfolio reached a record high $193 billion at the end of its last financial year, while its net profit more than doubled from a year ago. Its portfolio grew from a previous record of $186 in the preceding year, and it grew its net profit from $4.6 billion to $12.7 billion for the year ended March 31. However, its one-year total returns to shareholders rose a modest 4.6 per cent, the firm said on the release of its annual report. Mr S. Dhanabalan, chairman of Temasek Holdings, said in a statement: 'While Asia rebounded swiftly in 2010, the USA and European economies continued to face uncertainties. Ris...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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Temasek Holdings portfolio hits record high

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SINGAPORE: Temasek Holdings on Thursday announced that the value of its portfolio assets hit a new record of S$193 billion...

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