Jardine Lloyd Thompson Group, plc, reported revenues increased by 4 percent for the first half of the year, but net income declined 2.5 percent based on higher income tax and operating expense, the London-based insurance broker reported.
“In light of the difficult trading conditions, we have delivered a creditable performance,” said Dominic Burke, chief executive of JLT.
“Profits have been stabilized and we have made significant progress with our operational review,” he reported. “The review has served to highlight the quality of our people and the strength of our underlying business. Through this process, a road map is emerging that will help set the future direction of JLT. We anticipate that benefits will be reflected in 2007 and more fully in 2008.”
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