Khazanah Annual Review 2021 centreforaviation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from centreforaviation.com Daily Mail and Mail on Sunday newspapers.
Khazanah’s profit from operations stood at RM7.4bil in 2019.
In 2020, Khazanah’s dividend income from investee companies rose to RM5.2bil from RM3.8bil but was offset by lower divestment gains of RM2.7bil compared to RM9.9bil in 2019.
The sovereign wealth fund said the impact of the Covid-19 pandemic led to higher impairments of RM6bil, particularly in aviation and hospitality assets, compared to RM4.9bil in the previous year.
Its financial position remained strong with debt reduced by 6% to RM43.1bil from RM45.8bil in 2019, while realisable asset value cover fell slightly to 2.9 times from 3.0 times.
In a statement Thursday, managing director Datuk Shahril Ridza Ridzuan said 2021 will continue to be a challenging year.