Jardine Lloyd Thompson Group, plc, reported revenues increasedby 4 percent for the first half of the year, but net incomedeclined 2.5 percent based on higher income tax and operatingexpense, the London-based insurance broker reported.
“In light of the difficult trading conditions, we have delivereda creditable performance,” said Dominic Burke, chief executive ofJLT.
“Profits have been stabilized and we have made significantprogress with our operational review,” he reported. “The review hasserved to highlight the quality of our people and the strength ofour underlying business. Through this process, a road map isemerging that will help set the future direction of JLT. Weanticipate that benefits will be reflected in 2007 and more fullyin 2008.”
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