Jardine Lloyd Thompson, the insurance and employee benefits group, managed to grow revenues and profits despite the fierce Eurozone headwinds.
In the six months to the end of June underlying profit before tax increased by 12% on the prior year to £89.4m. Total revenues came in at £441.7m, an 8% increase on 2011 at constant rates of exchange.
JLT's interim dividend has been announced at 9.6p per share, up from 9.2p last year.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Diluted earnings per share were 27.0p compared to 24.4p for the same period in 2011.
Dominic Burke, Chief Executive, commented: "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."
At 10:18 the stock had climbed 0.2%.
BS
-
8 of the best houses for sale for around £500,000Some of the best houses for sale for around £500,000 – from a 19th-century stone farm cottage in North Yorkshire and a two-bedroom apartment in Edinburgh’s New Town to a converted Methodist chapel in Norfolk
-
What will the unravelling of US-China trade mean for the economy?What will a US-China decoupling mean for the global economy?
