GLOBAL LOGISTIC PROPERTIES LTD (Registration Number : 200715832Z)
Description | Page No. | |
Summary of Group Results | 2 | |
Consolidated Income Statements | 3 | |
Explanatory Notes to Consolidated Income Statement | 4 - 6 | |
1 (a)(iii) | Consolidated Statements of Comprehensive Income | |
1 (b)(i) | Statements of Financial Position | |
1 (b)(ii) | Group's Borrowings and Debt Securities | |
Consolidated Statements of Cash Flows | 11 - 13 | |
Statements of Changes in Equity | 14 - 16 | |
1 (d)(ii) | Changes in the Company's Issued Share Capital | 17 |
1 (d)(iii) | Treasury Shares | 17 |
Audit Statement | 18 | |
Accounting Policies | 18 - 19 | |
Earnings per Share | 19 - 20 | |
7 | Net Assets Value and Net Tangible Assets per Share | 20 |
8 & 15 | Review of Performance | 21 - 25 & 29 |
9 | Variance from Prospect Statement | 25 |
10 | Outlook & Prospect | 26 - 27 |
11 | Dividend | |
12 | Interested Person Transactions ("IPT") | |
13 | Negative Confirmation Pursuant to Rule 705(5) of the Listing Manual | 28 |
Segmental Information | ||
Appendix I | Review Report |
Three- month period ended Dec. 31, 2015 US$'000 | Three- month period ended Dec. 31, 2014 US$'000 | Increase / (Decrease) % | Nine-month period ended Dec. 31, 2015 US$'000 | Nine-month period ended Dec. 31, 2014 US$'000 | Increase / (Decrease) % | |
Revenue | 198,875 | 179,022 | 11.1 | 578,352 | 541,252 | 6.9 |
Profit from operating activities after share of results of associate and joint ventures | 150,843 | 127,539 | 18.3 | 492,505 | 392,119 | 25.6 |
EBIT | 426,733 | 223,107 | 91.3 | 1,109,273 | 696,403 | 59.3 |
PATMI | 184,226 | 112,448 | 63.8 | 566,334 | 381,340 | 48.5 |
Profit for the period | 269,084 | 166,018 | 62.1 | 801,959 | 493,114 | 62.6 |
Earnings Per Share (cents) - Basic | 3.76 | 2.16 | 74.1 | 11.36 | 7.40 | 53.5 |
Earnings Per Share (cents) - Diluted | 3.74 | 2.15 | 74.0 | 11.32 | 7.38 | 53.4 |
1(a)(i) Consolidated Income Statements
Group | |||||||
Note | Three- month period ended Dec. 31, 2015 US$'000 | Three- month period ended Dec. 31, 2014 US$'000 | Change % | Nine- month period ended Dec. 31, 2015 US$'000 | Nine- month period ended Dec. 31, 2014 US$'000 | Change % | |
Continuing operations | A | ||||||
Revenue | 198,875 | 179,022 | 11.1 | 578,352 | 541,252 | 6.9 | |
Other income | B | 3,534 | 2,954 | 19.6 | 4,462 | 4,532 | (1.5) |
Property-related expenses | C | (39,215) | (35,062) | 11.8 | (115,735) | (101,823) | 13.7 |
Other expenses | D | (60,811) | (41,741) | 45.7 | (176,412) | (122,587) | 43.9 |
Share of results (net of income tax) of associate and joint ventures | E | 102,383 | 105,173 | (2.7) | 290,667 | 321,374 | (9.6) |
48,460 | 22,366 | 116.7 | 201,838 | 70,745 | 185.3 | ||
Profit from operating activities after share of results of associate and joint ventures | F | 150,843 | 127,539 | 18.3 | 492,505 | 392,119 | 25.6 |
Net finance costs | (44,660) | (9,921) | 350.2 | (61,757) | (62,300) | (0.9) | |
Non-operating income/(costs) | G | 55,799 | (1,362) | N.M. | 55,437 | (54,105) | N.M. |
Profit before changes in fair value of subsidiaries' investment properties | H | 161,982 | 116,256 | 39.3 | 486,185 | 275,714 | 76.3 |
Changes in fair value of subsidiaries' investment properties | 187,084 | 96,930 | 93.0 | 528,324 | 358,389 | 47.4 | |
Profit before income tax | I | 349,066 | 213,186 | 63.7 | 1,014,509 | 634,103 | 60.0 |
Income tax expense | (94,554) | (47,168) | 100.5 | (227,122) | (140,989) | 61.1 | |
Profit from continuing operations | J | 254,512 | 166,018 | 53.3 | 787,387 | 493,114 | 59.7 |
Discontinued operation | |||||||
Profit from discontinued operation (net of tax) | 14,572 | - | N.M. | 14,572 | - | N.M. | |
Profit for the period | K | 269,084 | 166,018 | 62.1 | 801,959 | 493,114 | 62.6 |
Attributable to: | |||||||
Owners of the Company ("PATMI") | 184,226 | 112,448 | 63.8 | 566,334 | 381,340 | 48.5 | |
Non-controlling interests ("NCI") | 84,858 | 53,570 | 58.4 | 235,625 | 111,774 | 110.8 | |
Profit for the period | 269,084 | 166,018 | 62.1 | 801,959 | 493,114 | 62.6 | |
.: Not meaningful
1(a)(ii) Explanatory Notes to Consolidated Income Statement - Three-month Period ended December 31, 2015 compared to Three-month Period ended December 31, 2014- Revenue
- Other income
- Property-related expenses
Three-month period ended Dec.
31,
2015 US$'000
Three-month period ended Dec. 31,
2014 US$'000
Included in other expenses:
Depreciation and amortisation
(2,869)
(2,928)
Reversal of impairment loss on trade and other receivables
536
2,250
- Other expenses
Other expenses increased by 45.7% from US$41.7 million during the three-month period ended December 31, 2014 to US$60.8 million during the three-month period ended December 31, 2015. The increase was mainly due to inclusion of the US asset management platform and higher staff and business costs in the Group arising from an increased property portfolio and business expansion, partially offset by the syndication of 60% of GLP Brazil Income Partners II portfolio in October 2014.
Global Logistic Properties Limited issued this content on 04 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 February 2016 22:47:28 UTC
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