The market capitalisation of G20 or the top 20 government-linked companies (GLCs) almost trebled to RM386 billion from RM134 billion for the period May 2004 to July 2015, hitting an all-time high of RM431 billion on April 7, 2015, says Prime Minister Datuk Seri Najib Tun Razak.
Over the same period, total shareholder return increased 11.1% per annum, he said.
"G20 net profits hit RM26.2 billion in the financial year 2014 and grew at a compounded annual growth rate of 10.2% from 2004-2014.
"G20 has made significant inroads into foreign markets," he said in his keynote address at the graduation ceremony of the GLC Transformation Programme here on Friday.
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Over the same period, total shareholder return increased 11.1% per annum, he said.
"G20 net profits hit RM26.2 billion in the financial year 2014 and grew at a compounded annual growth rate of 10.2% from 2004-2014.
"G20 has made significant inroads into foreign markets," he said in his keynote address at the graduation ceremony of the GLC Transformation Programme here on Friday.
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