KUALA LUMPUR: The 2024 Auditor-General's Report has put Human Resource Development Corporation (HRD Corp) under the spotlight following reports of its unrealised losses that made headlines last week.
What was not reported, however, was the corporation's unrealised net profit which stood at RM69.18 million as at Dec 31, 2023. This was on the back of unrealised profits of RM118.67 million posted during the period.
According to documents sighted by Business Times, HRD Corp's unrealised investment profits as at Dec 31 stood at RM81 million.
Breaking down the RM81 million, a total of RM68 million consisted of equities, while unit trusts and bonds accounted for RM2 million and RM11 million respectively.
In that same period, HRD Corp's unrealised losses amounted to RM49.49 million as at Dec 31, 2023.
HRD Corp's overall investment portfolio stood at RM3.6 billion or 98.7 per cent of its portfolio, with unrealised losses accounting for 1.3 per cent, which came from 29 investment transactions.