JARDINE LLOYD THOMPSON GROUP plc
UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS TO 30th JUNE 2012
Maintaining momentum with strong organic growth
Jardine Lloyd Thompson Group plc ("JLT" or "the Group"), an international group of risk specialists and employee benefits consultants, today announces interim results for the six months ended 30th June 2012.
Highlights
- Strong Financial Results
- Total revenue up 7% to £441.7m
- Strong organic revenue growth of 6.3%
Increasing contribution from the high growth economies of Asia and Latin America
- 90 basis point improvement in trading profit margin to 19.4%
- Underlying PBT up 12% to £89.4m
- PBT up 11% to £85.1m
- Underlying diluted EPS up 12% to 28.5p
- Diluted EPS up 11% to 27.0p
- Interim dividend increased by 4% to 9.6p
Operational and Strategic developments
- Strong organic growth, maintaining the track record of the last four years
- Continuing investment in international specialty capabilities with 400 new hires in the period
- Increasing focus on 'One JLT' collaboration of specialty and regional operations to secure new business
- Successful conclusion of 3 year Business Transformation Programme, securing annualised recurring savings of £24m for a one-off cost of £27m
- Continuing international expansion of the Employee Benefits business
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."
