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Sovereign Wealth Funds Briefing - Categorized | Performance

GLP net nearly doubles on strong Asian growth

Posted on 30 November 2010

From WSJ: Global Logistic Properties Ltd., a real-estate unit of the Government of Singapore Investment Corp., said its second-quarter net profit nearly doubled because of increased contributions from its China business and the strengthening of the Japanese yen against the U.S. dollar.
Net profit excluding property revaluations for the quarter ended Sept. 30 rose to $74.2 million from $37.4 million a year earlier, GLP said in a statement on Monday. Revenue was $113.3 million, up from $99.8 million……………………………………….Full Article: Source

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