SINGAPORE--Singapore's state-investment firm Temasek Holdings Pte. Ltd. said Thursday its net profit in the year ended March 31 fell 16% due to lower contributions from investments and its portfolio companies amid sluggish global growth, and flagged concerns
over spillover impact from tepid U.S. and European economies.Net profit for the fiscal year fell to 10.7 billion Singapore dollars (US$8.4 billion) from S$12.7 billion in the previous year.
"Asia's long-term growth potential remains healthy, though there will be structural and policy risks along the way, especially in the medium term," Temasek Chairman S. Dhanabalan said in a statement. Full story
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Singapore's Temasek portfolio grows but profit declines - Reuters India
Singapore's Temasek investment growth slows - The Associated Press
Singapore fund Temasek says investment growth slows as global slump buffets Asian companies - The Washington Post
Singapore's Temasek net profit down 15.4% - AFP
Temasek portfolio rises by $4 billion - The Hindu Business Line
