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Global Logistic's Q3 profit down 36.2% at US$112m

Lower contributions from joint ventures and higher expenses; fair-value gains up 26.6%


GLOBAL Logistic Properties' (GLP) third-quarter earnings plunged 36.2 per cent as the group recorded lower contributions from its joint ventures and incurred higher expenses related to its business expansion and a larger property portfolio.

For the three months ended Dec