G20 market cap hit historic high of RM431 billion in April - Najib
Bernama
August 7, 2015 14:20 MYT
August 7, 2015 14:20 MYT
G20 has made significant inroads into foreign markets, with market capitalisation hitting an all-time high of RM431 billion on April 7, 2015. - AFP Photo/Files
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 Razak.
Over the same period, total shareholder return increased 11.1 percent 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 percent 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 today.
Najib, who is also Finance Minister, said G20 overseas share of assets grew to 26 percent in 2014 from 11 percent in 2004, while overseas share of revenue rose to 34 percent from 28 percent in the same period.