The National Superannuation Fund has recorded a less profit of K150.9 million compared to K258.46 million achieved in 2014.
Chairman William Lamur said the results were positive in yet another challenging year.
He said external factors such as slowdown of the global economy and significant fall of commodity prices impacted revenue streams of PNG based companies in which the Fund had investments in.
Lamur further added that, aside from the effect of El Nino and limited access to foreign currency, surplus of quality property buildings and the lack of a secondary market for fixed interest securities trades, resulted in valuation losses in Equities and bonds.
He said the fund had demonstrated a strong resilience to attain positive outcomes with an over budgeted performance in cash returns from its investments and controlled expenses.
The Fund also recorded a 5.6% increase in total membership to 515, 535 from, 488,346 members recorded ¡n 2014 and an active employer base of2,409 establishments representing a 12 % growth compared to 2,150 active employers in 2014.