February 28, 2018 / 8:03 AM / in 8 months

BRIEF-Jardine Lloyd Says FY Revenue Rose 10 Pct To 1.39 Bln Stg

Feb 28 (Reuters) - Jardine Lloyd Thompson Group Plc:

* FY REVENUES OF £1,386M, UP 10 PCT

* ALL BUSINESSES IN GROUP ACHIEVED HEADLINE REVENUE GROWTH YEAR ON YEAR IN FY

* FY ORGANIC REVENUE GROWTH OF 5%

* FY UNDERLYING PROFIT BEFORE TAX OF £191.5 MILLION, UP 11%

* RECOVERY IN UK EMPLOYEE BENEFITS DROVE ITS PROFIT UP 40% YEAR ON YEAR, WITH HIGHER MARGINS IN FY

* EFFECTIVE 1 APRIL 2018, GROUP WILL BE ALIGNED INTO THREE DIVISIONS TO FACILITATE CLOSER GLOBAL COORDINATION

* ANNUALISED SAVINGS OF £40M ARE PROJECTED BY 2020 FOR A ONE-OFF COST OF £45M SPREAD ACROSS 2018 AND 2019

* FINAL DIVIDEND WILL BE INCREASED TO 21.8P PER SHARE FOR YEAR ENDED 31 DECEMBER 2017 (2016: 20.6P)

* A CONSISTENT PATTERN IS NOT EVIDENT AND IT WOULD BE PREMATURE TO REFER TO A HARDENING MARKET

* JLT HAS ENTERED 2018 WITH REAL MOMENTUM BUT WE DO NOT EXPECT A CONSISTENTLY HARD INSURANCE MARKET Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below