OOCL gains market share in Q1, with 'very strong' financials unveiled by Cosco
Volumes carried by Cosco-owned container line OOCL in the first quarter soared, compared with the ...
Resilient demand for warehousing space was not enough to stop property developer Segro recording a 37.9% year-on-year decline in profits.
The company’s pre-tax profits fell to $531m compared with $856m in 2015.
The main barrier to profit growth was slower growth of property values; the firm’s portfolio growth fell from a $547m increase in 2015 to just $288m last year.
A 65.9% decline in valuation growth was also recorded for properties held in joint ventures: down from $155m to $53m.
“Earnings were also impacted by a net fair value loss on ...
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