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GLP posts 61.7% jump in Q4 profit on higher asset values

But core earnings dropped 5%, as GLP's stake in its second US portfolio was pared down in Q2

Published Fri, May 19, 2017 · 09:50 PM

Singapore

GLOBAL Logistic Properties (GLP) reported a 61.7 per cent jump in net profit for the fourth quarter ended March 31, 2017, to US$247 million, fuelled by higher asset values in Japan, US and Brazil.

This brought its full fiscal-year earnings to a record US$794 million, registering a 10.4 per cent growth.

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Companies & Markets

Companies & Markets

GLP posts 61.7% jump in Q4 profit on higher asset values

Companies & Markets

S&P slashes Boeing credit outlook as rating hovers above junk status

Honda to spend US$11 billion on EV strategy in Canada

GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology

Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336

Nasdaq’s profit falls as shaky economy keeps IPO revival elusive

iFast Q1 net profit surges on ePension unit performance

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