The last time it fell into the red was in 2005, when the fund reported a pre-tax loss of RM831 million.
KUALA LUMPUR (Mar 6): Khazanah Nasional Bhd posted its first pre-tax loss in 13 years in 2018, amid significant impairment provisions made during the year — a big chunk of which was due to Malaysia Airlines Bhd (MAB) — but hopes to return to profitability in 2019.
The sovereign wealth fund reported a pre-tax loss of RM6.3 billion ($2.09 billion) for 2018, compared to its pre-tax profit of RM2.9 billion in the preceding year, after recording impairments totalling RM7.3 billion — more than triple the RM2.3 billion seen in 2017.
