Global Logistic Properties Annual Report 2011

Global Logistic Properties Limited (GLP) released its annual report for the year ended 31 March 2011 recently.

Profit attributable to equity holders increased to US$706 million from a loss of US$176 million during the previous year.

Operating revenue increased 14.6 per cent to US$473 million. Net profit for the year did not just come from operating revenue alone. It included a gain in fair value of investment properties of US$456 million (Loss of US$369 million in FY2010).

Earnings per share (EPS) for the year was 23.44 US cents up from a loss per share of 10.13 US cents in FY2010.

Net Debt to asset ratio was 21 per cent and Cash and Cash equivalent amount at year end was US$1,559 million (an increase from US$412 million FY2010).

No dividend was proposed for the year.

GLP was listed on the Singapore Exchange on 18 October 2010 with IPO price of S$1.96. Current price last traded today was S$2.08 and increase of 6.12 per cent.

Copyright © 2011, limkimtong for Living Investment

The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.

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