Source : Channel NewsAsia – 1 Feb 2012

GLP reports 3.4% on-year rise on Q3 net profit

Global Logistic Properties (GLP) says its third quarter net profit rose 3.4 per cent year-on-year to US$86.3 million. This was boosted by higher revenue contribution from its new properties in China. Revenue for the quarter ended Dec 31 rose 18.8 percent to US$144.7 million from the previous year. GLP, which own properties in China and Japan, says in a statement that its revenue from China properties...

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