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4QFY2020 and FY2020 TWNS grew 34% and 23% y-o-y to $527.6 million and $1.55 billion respectively on the back of strong 2HFY2020 performance across all markets, in particular the group’s Singapore and Malaysia businesses.
SEE: Great Eastern Holdings' 3Q earnings rise 40% to $287.9 mil on higher valuation of investments and improved market conditions
Consequently, profit from shareholders’ fund for the FY2020 increased 25% y-o-y to $346.4 million due to higher profit in 4QFY2020 and contributed by the one-off tax credit.