Khazanah Nasional's pre-tax profit jumps 84.7% in 2017, declares RM1b dividend

KUALA LUMPUR: Khazanah Nasional Bhd reported an 84.7% leap in profit before tax to RM2.89 billion in 2017 against RM1.57 billion in 2016, mainly driven by contributions from its core companies as well as investments in China including Alibaba.

Portfolio net worth adjusted soared 13.2% to a record high of RM115.6 billion in 2017, while realisable asset value was up 8.2% to RM157.2 billion.

With better results, Khazanah declared a higher dividend of RM1 billion in 2017 against RM650 million in 2016.

Last year, Khazanah undertook 14 new investments totaling RM6.3 billion, as well as 12 divestments that brought in RM6.4 billion in proceeds, and gains of of RM2.5 billion.