This increase included organic growth of 5 per cent. Its underlying trading profit, before tax, was up 24 per cent over the period at £59.7m. It saw continued growth in Risk & Insurance with turnover up 19 per cent, including organic growth of 6 per cent.
Employee benefits turnover was up just 1 per cent, at £43.1m over the period, which the company said reflected the general contraction in the UK economy. Its employee benefits business generated a trading profit of £6.5m over the period.
Dominic Burke, chief executive, says: ” Our business model, current structure and strategy provide a sound platform for sustainable profitable growth.
“We have a strong balance sheet which gives us the flexibility to invest in developing our businesses, through bolt-on acquisitions, targeting talented individuals and identifying niche profitable operations and sectors.
Whilst the general economic background continues to be challenging, we continue to expect that 2009 will be a year of further progress for JLT.”
