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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
Add BT as a preferred sourcePublished 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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