Temasek’s one-year total shareholder return (TSR) was -5.07%, while its TSR since its inception in 1974 remained at 14%, unchanged from last year.
Singapore state-owned investment firm Temasek Holdings has reported a net portfolio value of $382 billion for the FY2023 ended March 31, 5.2% lower than its previous net portfolio value of $403 billion in the year before.
The group reported a loss of $7.3 billion, down from last year’s net profit of $10.6 billion. According to the group, this was attributable to changes in accounting standards, which includes mark-to-market (MTM) gains and losses. After adjusting for MTM, the group would’ve reported a profit of $14.7 billion. Under the new accounting standards that were introduced in 2018, this is the first time the group reported a loss, noted chief financial officer Png Chin Yee.
