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Fall in JV contributions drags GLP's Q4 net

This despite rise in revenue from strong China business

Published Fri, May 23, 2014 · 10:00 PM

Singapore

A SHARP fall in contributions from jointly-controlled entities hit the bottom line of Global Logistic Properties (GLP) in the fiscal fourth quarter when group revenue actually rose by a fifth to US$150.4 million on the back of its strong China segment.

Revenue was helped by the "completion and stabilisation of development projects in China".

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