Mainstream
Better all-round performance
Stephanie Jacob | 30 Mar 2018 00:30
UEM Edgenta Bhd offered investors the best ROE with 28.33%, significantly higher than FY16’s 5.9%

Riding on last year’s strong domestic economic growth and capital market, the 45 listed government-linked companies (GLCs) boosted their combined revenue and net profit by 2.76% and 20.3% respectively.

This month’s Focus List shows that their combined revenue in financial year 2017 (FY17) grew by RM8.8 bil and net profit by RM7.2 bil, to RM328.2 bil and RM42.6 bil respectively.

Their combined market capitalisation also grew to RM718.8 bil as of March 19 from RM703 bil in FY16.

The GLCs’ stronger results were in tandem with the better performance of the KLCI which was 9.4% higher year-on-year (yoy).