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Mapletree Turns To Profit In Q4

Mapletree Industrial Trust (MAPIF), Wednesday announced fourth-quarter results, reporting profit of $53.9 million or $1.81 per share compared to loss of $162.2 million or $5.81 per share last year.

Revenue declined to $177.8 million from $178.7 million in the previous year.

Net property income decreased to $131.2 million from last year's $133.2 million.

Tuesday, Mapletree's stock closed at $1.73, up 2.93 percent on the OTC Markets.

by RTTNews Staff Writer

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