Global Logistics Properties profit tumbles 29 percent
HONG KONG — Despite accelerating China business, Global Logistics Properties (GLP) reported a 29 percent fall in net profit for the year ending March 31, mostly due to profit sharing with the consortium of investors that own a 33.8 percent stake in GLP China.The Singapore-listed property developer made a net…
Global Logistics Properties profit tumbles 29 percent
Journal of Commerce