Ekuinas posts 7% revenue growth for FY23


Ekuinas CEO Datuk Syed Yasir Arafat Syed Abd Kadir.

KUALA LUMPUR: Ekuiti Nasional Bhd’s (Ekuinas) portfolio companies posted 7% year-on-year revenue growth for the financial year 2023 (FY23) with cumulative committed direct investment reaching RM4.1bil.

The government-linked private equity company said its gross internal rate of return (GIRR) for Tranche II and IV was 11.5% and 43%, respectively, while Tranche III saw a GIRR of minus 0.6%.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Merdeka 118 Community Grants backs nine projects under Cycle 3
Trump hikes US global tariff rate to 15%
The parcel overhang
Zero abandoned homes�by�2030?
Unmasking housing market pricing abuses
Ringgit likely to trade cautiously next week ahead of key US data
Powering a new reinvestment cycle as demand surges
Up in Arms - or up the value chain?
Asia bonds for diversification
AI disruption fears rock markets

Others Also Read