Like many companies around the world, Temasek Holdings was not spared from the impact brought by the Covid-19 pandemic. It recorded a preliminary total shareholder return (TSR) of –2.3% for the financial year ended March 31, compared to 1.5% last year. Its preliminary net portfolio value (NPV) also fell 2.2% y-o-y to $306 billion from $313 billion a year ago.

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