Jardine Lloyd Thompson has posted a...
Jardine Lloyd Thompson (JLT) has posted a 3.8% rise in full-year underlying profits from continuing operations and said with insurance market conditions continuing to be challenging it sees modest revenue growth in 2007.
The insurance and reinsurance broker's underlying pretax profits from continuing operations rose to £76.5m from £73.6m a year ago.
Its pretax profits from continuing operations rose 27.4% to 90.8m (2005: £71.2m).
Jardine Lloyd's turnover for continuing operations rose 1% to £459.5m.
The company's risk and insurance business posted full-year pretax profit of £79.4m, slightly higher than the £77.3 mln for 2005. Turnover for continuing operations in the business rose 2% to £379.2m.
The company kept its final dividend unchanged at 12 pence.
Dominic Burke, chief executive, said: "Whilst it is still early in the year, we anticipate that we will show further progress in our financial performance in 2007 compared with 2006.
"Much has been achieved in a relatively short period of time and the foundations have been put in place
to give grounds for optimism for 2008 and beyond."
