KUALA LUMPUR: Khazanah Nasional Bhd recorded a higher profit from operations of RM5.9 billion in financial year 2023 (FY2023) compared with RM1.6 bill...
: Khazanah Nasional Bhd recorded a higher profit from operations of RM5.9 billion in financial year 2023 compared with RM1.6 billion in FY2022 amid volatile global market conditions.
“2023 was challenging for Khazanah and the global markets, influenced by the anticipated peak in the United States Federal Reserve rates, a slowdown in elevated inflation, tight monetary conditions, a concentrated rally in artificial intelligence , weak growth in China, and ongoing geopolitical conflicts,” he told a media briefing on Khazanah Annual Review 2024 here today.
Amirul Feisal said Khazanah’s debt increased marginally to RM50.2 billion from RM49.1 billion in the previous year while its realisable asset value over debt ratio remained healthy at 2.7 times. For this year, Amirul Feisal said, the global macroeconomic and market environment is expected to remain challenging and volatile, with ongoing geopolitical conflicts in the Middle East, the continuation of the Russia-Ukraine War, and global competition between China and the US.
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