Subscribers

GLP's Q1 earnings jump 49.4%

It says its results were also underpinned by expansion of its fund management platform

Singapore

GLOBAL Logistic Properties (GLP) on Friday reported a 49.4 per cent rise in its net profit for the first quarter ended June 30, 2015, as its share of results in joint ventures and higher asset values bolstered its bottom line.

GLP recorded net profit of US$268.1 million for the April-June quarter, up from US$179.4 million in the corresponding period last year. The group's revenue rose 12.3 per cent to US$190.2 million as development projects were completed in China and there were increased...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes