Broking giant Jardine Lloyd Thompson (JLT) saw the profits of its UK retail arm rise by...
Broking giant Jardine Lloyd Thompson (JLT) saw the profits of its UK retail arm rise by 14% in 2004.
Trading profits rose from £8.95m in 2003, to £10.2m in 2004.
Revenue also increased by 14%, rising to £46.4m from £40.7m in 2003.
Overall, the company's risk and insurance divisions faired less well on a global scale. While revenue grew by 10% to £383.7m, pre-tax profit fell by 14% from £104.2m in 2003 to £90m in 2004.
The company recorded a pre-tax profit of £81.3m overall, compared to £107.8m in 2003.
Executive chairman Ken Carter said: “Our results for 2005 are likely to be significantly affected by the weak US dollar and continued softening in insurance markets.
"However a combination of JLT's strong international position and established strategy of being a leading broker on selected fields offers it many opportunities for growth over medium and longer term.”
