PETALING JAYA: Malaysia’s 20 government-linked companies’ (GLCs) market capitalisation tripled to RM435bil as at end-October 2014 from RM140bil in May 2004, according to Khazanah Nasional Bhd.
In a statement, the sovereign fund said the net profit of the 20 GLCs (G20) grew at a compounded annual growth rate of 11.1% from financial year 2004 (FY04) to FY13.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
