ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Singapore's Temasek records returns of 24.5%, highest in a decade

State investor reaps bumper net profit of $42bn in last fiscal year as markets rebound

Temasek's net portfolio value rose to SG$381 billion from SG$306 billion, a respite for the Singapore government-owned investor, whose one-year total shareholder return had tapered off in recent years. (Photo by Keiichiro Asahara)

SINGAPORE -- Singapore state investor Temasek's portfolio reversed a decline in returns for the year ended March 31 as rebounding markets lifted it from a COVID-19-induced slump.The company, which is among the world's most prolific institutional investors, on Tuesday reported an annual return of 24.5% for the period, a significant recovery from the minus 2.28% seen in the preceding year and its best performance in a decade.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more