Global Logistic Properties, the market leader in modern logistics facilities in two of Asia’s largest economies, China and Japan, says it posted US$85.4 million ($112.7 million) in net profit in 2Q FY2011 ending Sept 30, 2010, representing a more than two-fold increase from the US$27.0 million reported in the corresponding quarter last year (2Q FY2010). Revenue rose 13.5% to US$113.3 million in 2Q FY2011, from US$99.8 million in 2Q FY2010.

For 1H FY2011 ending Sept 30, 2010, GLP registered a bottom line growth with net profit of US$573.4 million (inclusive of a revaluation gain of US$427.6 million), compared to a loss of US$1.8 million in the year-ago period (1H FY2010). Revenue increased by 14.3% to US$224.2 million in 1H FY2011 from US$196.2 million in 1H FY2010.