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.
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