Broker posts turnover of £266.2m, up 9% in half year results.
Jardine Lloyd Thompson saw profit before tax fall 30% to £53.4m in a mixed set of half-year results that also saw a 9% increase in fees and commissions to £266.2m.
The broker said underlying pre-tax profit for the six months to June 30 2008 was £53.4m, up 4% from £51.1m in the same period last year.
Turnover increased by 9% to £266.2m and underlying trading profit also rose by 9% to £44m. Its underlying trading margin maintained at 17%.
In a statement, JLT said the improved trading performance reflected "creditable organic growth, tight cost control and improvements to our operating model".
It has invested over £40m in bolt-on acquisitions since the start of 2007. Underlying diluted earnings per share were up 8% 16p to 17.3p.
Dominic Burke, chief executive, said: "These results demonstrate that we have made good progress across the Group, whilst making investments in bolt-on acquisitions and start-up operations.
We continue to be firmly on track to deliver sustainable profitable growth despite a challenging global economic and insurance rating environment."
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