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2007 was an exceptionally
good year with the Group achieving yet another
record for full year profit. Profit attributable
to equity holders of the Company (PATMI) for full
year 2007 was
S$2.8 billion, more than two times
the PATMI for 2006. This record profit for the
fourth consecutive year was boosted by the significant
growth from all the Group’s core businesses.
During the year, the Group continued to expand
its footprint in China, India and other new growth
markets such as Vietnam, and the Gulf Co-operation
Council (GCC) countries. The Group also
reconstituted its office portfolio with the acquisition
of the remaining 50% stake in 1 George Street and
the divestment of Temasek Tower and Chevron House
in Singapore as well as AIG Tower in Hong Kong.
The Group successfully closed six funds, bringing
its Assets Under Management (AUM) to S$17.7 billion
as at 31 December 2007, an increase of S$3.4 billion
from end 2006. |
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