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GLP posts 52% jump in Q2 net profit
The better performance was spurred by growth in fund management business in Japan and the US
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Anita Gabriel
Published Tue, Nov 8, 2016 · 09:50 PM
Singapore
GLOBAL Logistic Properties (GLP) has reported a 52 per cent jump in second-quarter net profit to US$173 million, from US$114 million a year ago, spurred by the growth of its fund management platform in Japan and the US.
The leading logistics provider posted a 13 per cent improvement in revenue for the three months ended September to US$214 million.
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