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GLP Q3 net profit down 7.3%

Singapore

GLOBAL Logistic Properties (GLP) on Thursday posted a 7.3 per cent fall in net profit to US$170.7 million for its third quarter ended Dec 31, 2016 (Q3 2017). This is due mainly to a one-time syndication gain a year ago related to GLP's first US portfolio, and higher non-cash

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