ADVERTISEMENT

Khazanah posts loss before tax of RM6.27b in 2018, unveils fresh mandate


File pic: Khazanah managing director Datuk Shahril Ridza Ridzuan said: “Our performance in 2018 was impacted by several key global and domestic developments in both the economic and social spheres."

File pic: Khazanah managing director Datuk Shahril Ridza Ridzuan said: “Our performance in 2018 was impacted by several key global and domestic developments in both the economic and social spheres."

KUALA LUMPUR: Sovereign wealth fund Khazanah Nasional Bhd posted a loss before tax of RM6.27bil in 2018 compared to a profit before tax of RM2.89bil a year earlier.

"Profitability was affected due to fewer divestments, reduced dividend income and higher impairments, during a period of transition for Khazanah in an unfavourable market," it said in a statement on Tuesday.

Corporate News

   

ADVERTISEMENT