Jardine Lloyd Thompson (JLT) has announced its interim results for the six months ended 30 June 2005 reporting a drop in pre-tax profits of 25% to £41.1m (2004: £63.9m)
However, it reported revenues up 6% at constant rates of exchange despite difficult trading conditions in risk and insurance and a weak US dollar.
Turnover at the company rose 3% to £250.7m (2004: £243.1 m) and the interim dividend per share remained unchanged at 8.5p
Other highlights included strong new business gains which it claims it will benefit from fully in 2006 and the announcement that Latin American acquisitions are performing in line with expectations.
The results showed an increase in UK employee benefits revenue of 27% with an increased trading margin of 15%, reflecting strong organic growth.
Ken Carter, executive chairman of Jardine Lloyd Thompson Group, said: "While we knew 2005 would be a challenging year, we are encouraged by the new business wins achieved across the group.
"At a time of difficult trading conditions for some of our insurance broking businesses, the strength of the group lies in its balance and we remain confident about our future."
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