Overseas investors repatriate $807m in 4MFY25
MG News | November 27, 2024 at 12:00 AM GMT+05:00
November 27, 2024 (MLN): Foreign investors' repatriation of profit and dividends rose 66.28% YoY in 4MFY25 to $807.22 million compared to $485.45m worth of repatriation in the same period last year, the latest data issued by the central bank revealed.
The data further revealed that during the period, foreign companies repatriated $772.55m worth of profit against the foreign direct investments (FDI) in various businesses compared to $456.25m in SPLY, marking an increase of around 69.33% YoY in 4MFY25.
The outflow as payment against portfolio investment stood at $34.68m, compared with $29.21m, witnessing a growth of 18.73% YoY from 4MFY24.
Meanwhile, in October 2024 alone, foreign firms repatriated $413.82 m in profits and dividends.
Sector-wise:
Sectorial representation of the data shows that the major sectors that witnessed the highest repatriation include the Food, Power, Financial Business, Tobacco & Cigarettes and Oil & Gas Explorations sectors.
Among these, the Food sector repatriated the highest profits of $186.77m in 4MFY25 to overseas.
The data further revealed that Profit outflows from the Power sector clocked in at $115.52m.
Profits outflow from the Financial Business sector increased significantly to $94.43m in 4MFY25.
During the review period, the payments made on total foreign investment in the Tobacco and cigarettes and Oil and gas Explorations sectors stood at $70.6m and $68.48m, respectively.
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