Jardine Lloyd Thompson profits boost

 
27 July 2012

Insurance holding company Jardine Lloyd Thompson Group said today that its first-half pre-tax profit grew 11% to £85.1 million from last year's £76.4 million.

Underlying pre-tax profit, which excluded certain items, increased 12% to £89.4 million, and underlying earnings per share rose 12% to 28.5 pence.

Total revenue for the six months went up 7% to £441.7 million. On an organic basis, revenues increased 6.3%, despite the challenging economic and trading environment.

The company said the results reflected increasing contribution from the high growth economies of Asia and Latin America.

Chief Executive Dominic Burke said, "JLT's continued execution of its clearly defined strategy gives us confidence in our ability to deliver year-on-year financial progress despite the difficult global economic conditions."

Further, the company said its board has declared a 4% increase in interim dividend to 9.6p per share, which will be paid on October 1 to shareholders on the register at September 7.

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