Malaysia's Khazanah reports 60% drop in 2020 profits as divestment gains fall

Malaysia's Khazanah reports 60% drop in 2020 profits as divestment gains fall

The Khazanah Nasional Berhad logo is displayed on a laptop. Photo: Ipsita Ray/DEALSTREETASIA

Malaysia’s sovereign wealth fund Khazanah Nasional reported on Thursday its operating profit fell about 60% last year to 2.9 billion ringgit ($715.34 million) as divestment gains fell sharply amid the coronavirus pandemic.