Marsh & McLennan Companies reported today that 2006 fourth-quarter net income soared more than 500 percent and management expressed optimism about future results.
"We have increased revenue, increased margin and increased our profit. I don't think it is going out on a limb to say that we're confident about 2007. We plan to do the same kind of things. We are optimistic about the future," said Michael Cherkasky, MMC president and chief executive officer in New York.
Fourth-quarter net income increased $191 million, from $35 million to $226 million. That translated into a net income per share increase of 34 cents, going from 6 cents a share to 40 cents.
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