Lembaga Tabung Haji said fixed income investments accounted for RM1 billion or 65 per cent of its total investment income for the period of January-June 30, 2020. ― Picture by Yusof Mat Isa
TH said fixed income investments accounted for RM1 billion or 65 per cent of its total investment income for the period of January-June 30, 2020. It added that the increase in revenue generated a net profit of RM1.25 billion for H1 2020 compared to RM849.66 million in H1 2019.Meanwhile, group managing director and chief executive officer Datuk Nik Mohd Hasyudeen Yusoff said as an institution responsible for the management of Haj and investments, TH was also adversely affected by the Covid-19 pandemic due to the measures implemented to halt the spread of the virus.
“TH has also taken steps to identify the impact of Covid-19 on the investments through regular monitoring, while operationally, TH needs to be more efficient by improving its services and reducing costs,” he said.
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