Pre-tax profits soar 63% in first half

Jardine Lloyd Thompson Group reported pre-tax profits of £76m for the first six months of the year. This compared to £46.9m in the same period last year – a 63% increase.

Underlying trading profit rose 9.7% to £40.4m. The risk and insurance business reported a trading margin of 21%, up 2% on last year.

Dominic Burke, chief executive, said: "After a positive first half performance, we anticipate that the results in the second half will be impacted by the deteriorating market conditions and the weaker US dollar.

"However, we still expect JLT to show overall progress in its financial performance in 2007 compared to 2006.

“We will continue to build on the foundations we have laid and our clear strategy to build revenues through greater international collaboration, better penetration and growth through bolt-on acquisitions."