{"id":62129,"date":"2024-03-12T12:10:11","date_gmt":"2024-03-12T04:10:11","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=62129"},"modified":"2024-03-12T12:10:11","modified_gmt":"2024-03-12T04:10:11","slug":"khazanah-triple-profit","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/khazanah-triple-profit","title":{"rendered":"Khazanah More Than Triples Their Profit In Financial Year 2023"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Khazanah has recorded a profit of RM5.9 billion from their operations for the financial year of 2023 (FY2023), which is almost triple of the profit they recorded in 2022, which was recorded at RM1.6 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to Khazanah\u2019s Managing Director, Datuk Amirul Feisal Wan Zahir, Khazanah\u2019s stronger performance was driven by higher dividends and distributions from investee companies, fair value gains, and capital preservation.<\/span><\/p>\n<h2>Announced government dividend amounting to RM1 billion<\/h2>\n<p><span style=\"font-weight: 400;\">In a report from <a href=\"https:\/\/www.bernama.com\/en\/news.php?id=2278051#:~:text=BUSINESS-,KHAZANAH%20NASIONAL%20RECORDS%20BETTER%20PROFIT%20FROM,RM5.9%20BLN%20IN%20FY2023&amp;text=KUALA%20LUMPUR%2C%20March%2011%20(Bernama,amid%20volatile%20global%20market%20conditions\">Bernama<\/a>, Amirul stated that while 2023 was a fairly challenging year for both Khazanah and the global markets, due to a slowdown in elevated inflation, tight monetary conditions, a concentrated push for Artificial Intelligence, weak growth in China, and ongoing political conflicts.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, Khazanah managed to remain resilient, and showed careful discipline when allocating their capital, which allowed them to deliver sustainable returns while still investing for the future, Amirul told the media at the Khazanah Annual Review yesterday,<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Khazanah, which is a sovereign wealth fund, also announced a better dividend for the government amounting to RM1 billion, which brings the total dividend paid to the government to RM18.1 billion since 2004.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Khazanah has recorded a higher profit in the FY 2023, which is tripled compared to the profits recorded in FY 2022<\/p>\n","protected":false},"author":51,"featured_media":62136,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[271,216],"tags":[1442,323,2066],"class_list":["post-62129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-news-updates","tag-economic-growth","tag-economy","tag-khazanah"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - 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