Asia's largest logistic facilities provider said turnover rose 32 per cent year-on-year to US$170.5 million (S$212.4 million), boosted by a 75 per cent jump in revenue from China operations to US$56.6 million.
In a statement to the Singapore Exchange, the majority government-owned GLP said it expects continued strong demand for its services in both China and Japan, its key markets.
"China and Japan both remain attractive markets, with strong demand and a limited supply of modern logistic facilities," said GLP's deputy chairman and co-founder Jeffrey H Schwartz.
"Our leading position in these countries and strong teams continue to drive our performance," said Mr Schwartz.
Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C
Senior Sales Director
DTZ Debenham Tie Leung (SEA) Pte Ltd (L3006301G)
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