Temasek Holdings, on September 8, reported a net portfolio value (NPV) of $306 billion for FY20 ended March, down 2.2% from the $313 billion posted in 2019.

One-year total shareholder return (TSR) fell into the red at -2.28%, a 3.77 percentage point drop from the 1.49% posted in FY19.

The one-year TSR takes into account all the dividends paid to Temasek’s sole shareholder, and excludes capital injections from the latter.

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