GLP Q3 profit jumps 56.3%

Singapore

GLOBAL Logistic Properties' (GLP) third-quarter net profit grew 56.3 per cent year on year despite a slight dip in revenue.

Net profit for the three months ended Dec 31, 2013, rose to US$176.2 million, or 3.53 cents per share, from US$112.8 million a year, or 2.23 cents per share, a year earlier.