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Broker JLT boss Dominic Burke hails Australasia arm as revenue and profits rise
- Jonathan Swift
- 30 Jul 2010
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Jardine Lloyd Thompson this morning reported a 21% rise in revenue to £377.8 (H1 2009: £313.0) and an underlying trading profit of £70.7 (H1 2009 £57.8m) up 22%.
Profit before tax was £70.0m (2009: £61.3m), up 14%
JLT added that Australasia produced over half the trading profit (£12.8m) and performed well, whilst Latin America also performed strongly (£2.1m).
Canada saw an improved performance in the first half of the year and Asia and Continental Europe also performed well.
Dominic Burke, chief executive, commented: "Trading activity in the first half of 2010 continued to be encouraging and this, coupled with the increasing benefits from the broad range of investments being made, comprising key hires, acquisitions and systems developments, gives us the confidence that we will continue to make financial progress for the full year."
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