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Temasek profits fall as global slowdown bites

Yvonne Chan
The Singapore sovereign wealth fund posts a 16% drop in net profits, with a large exposure to the financial services sector likely a contributing factor.
Temasek profits fall as global slowdown bites

Temasek Holdings realised a net profit of $10.7 billion on its S$198 billion ($157 billion) portfolio in the 2012 financial year to March 31, down 16% from its $12.7 billion profit from 2011, as a slowing global economy took its toll on the value of its portfolio assets.

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