Burke claims business model success as income soars
Jardine Lloyd Thompson has announced a 16% in turnover and 22% rise profit in the first six months of 2009.
Financial Highlights (2008 in brackets)
- Fees and commissions £309.7m (£266.2m)
- Underlying trading profit £54.7m (£44.0m)
- Profit before tax £61.3m (£53.4m)
- Underlying profit before tax £59.7m (£53.4m)
- Risk & Insurance turnover up 19%, including organic growth of 6% and an improved trading margin of 21%
- JLT Re turnover up 39%
- Retail increase 17%
- London Market up 22%
Dominic Burke, chief executive, said: “At our preliminary results in March 2009 I said that we had entered 2009 in good shape. Today’s results are proof of that.
“Our business model, current structure and strategy provide a sound platform for sustainable profitable growth. We have a strong balance sheet that gives us the flexibility to invest in developing our businesses, through bolt-on acquisitions, targeting talented individuals and identifying niche profitable operations and sectors.
“Whilst the general economic background continues to be challenging, we continue to expect that 2009 will be a year of further progress for JLT."
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