Khazanah’s Operating Profit Falls Around 61% in 2020
Posted on 03/04/2021
Malayisa’s Khazanah Nasional Berhad revealed their 2020 performance figures. According to the press release, “Khazanah’s profit from operations fell to RM2.9 billion in 2020 as compared to RM7.4 billion in 2019. Dividend income from investee companies rose to RM5.2 billion from RM3.8 billion but was offset by lower divestment gains of RM2.7 billion compared to RM9.9 billion in 2019.
The impact of the COVID-19 pandemic led to higher impairments of RM6.0 billion, particularly in aviation and hospitality assets, compared to RM4.9 billion in the previous year.
Khazanah declared a dividend of RM2.0 billion for 2020 to the Government of Malaysia.”