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Interim Results

JLT underlying pre-tax profits up 12%

27 July 2017 07:46

Jardine Lloyd Thompson's underlying pre-tax profits rose by 12% to £100.1m in the six months to the end of June.

The trading margin was maintained at 15.9%, however excluding the US net investment of £13.4 million in the period, the group's trading margin would have been 18.9%.

The group's reported PBT was £99.2 million, compared with £55.2 million for the corresponding period in 2016, which included the impact of significant exceptional costs. As a consequence, reported EPS also increased substantially, from 15.6p to 31.8p.

The group has declared an interim cash dividend of 12.2p, up 5.2%.

Group chief executive Dominic Burke said: "JLT delivered a good financial performance in the first half of 2017.

"We have entered the second half with many of our businesses showing increasing momentum and we remain confident that we will deliver full year organic revenue growth more in line with historical rates, generating sustained year-on-year financial progress."

Story provided by StockMarketWire.com

Related Company: JLT

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