Temasek Holdings has announced a fall in its net portfolio value for the last financial year, adding its balance sheet remains “resilient” and it has the flexibility to rebalance its portfolio accordingly.
For the year ended March 31, its net portfolio value dropped to S$306 billion, from the record S$313 billion it achieved a year ago.
Its one-year total shareholder return turned negative at -2.28 per cent, compared with a 1.49 per cent gain a year ago.
It is to be noted that the total shareholder return considers all dividends distributed to shareholders minus any capital injections.
Last time, Temasek saw a negative one-year return in 2016, when fall in the share prices of its listed investments pulled down the rate to -9.02%.
