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GLP sees longer-term benefit from Chinese investment

Earnings down 12% in first quarter due to a host of factors

GLOBAL Logistic Properties (GLP) registered a 12 per cent drop in net profit to US$179.4 million for its first quarter ended June 30, while revenue rose 18 per cent to US$169.3 million.

The revenue of the logistics facility provider, 36 per cent owned by Singapore's GIC, rose on the back...

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