Khazanah managing director Datuk Seri Shahril Ridza Ridzuan said 2020 “will be particularly challenging as an already uncertain global economy is harmed by the ongoing Covid-19 spread”.
KUALA LUMPUR: Khazanah Malaysia staged a turnaround in the financial year of FY19 with profit from operations of RM7.36bil compared to a loss from operations of RM6.27bil in 2018 as it braces for a challenging year due to the Covid-19 coronavirus and global slowdown.
The sovereign fund said Monday it posted record profits from operations which were contributed by higher divestment gains and lower impairments, and robust portfolio returns.
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