Warehouse operator GLP second quarter net profit back 29%
- Author:James
- Source:Hong Kong shipping
- Release Date:2017-08-11
According to Singapore Straits Times reported that Asia's largest warehouse operators Global Logistic Properties (GLP) in the second quarter of the year net profit back 28.9% to 19 million 640 thousand Singapore dollars (about $14 million 420 thousand).
The second quarter revenue grew 26.7% to $26 million 180 thousand, mainly due to Chinese financial services income increase, the development of project Chinese plus completed and more stable, and the rent also rose, and the fund management platform management fee income increased.
Earlier, a Chinese private equity consortium, backed by GLP CEO Ming Z Mei, successfully voted GLP for 16 billion Singapore dollars, becoming Asia's largest private asset acquisition
The second quarter revenue grew 26.7% to $26 million 180 thousand, mainly due to Chinese financial services income increase, the development of project Chinese plus completed and more stable, and the rent also rose, and the fund management platform management fee income increased.
Earlier, a Chinese private equity consortium, backed by GLP CEO Ming Z Mei, successfully voted GLP for 16 billion Singapore dollars, becoming Asia's largest private asset acquisition