Revenues up at JLT in 2018
But broker reveals pre-tax profit fall due to transaction costs related to $5.6bn takeover by Marsh & McLennan Companies.
Jardine Lloyd Thompson (JLT) has revealed a drop in pre-tax profit to £88.1m for 2018, compared to £177.1m in 2017.
According to its preliminary results statement, published on the London Stock Exchange, this reflected £145.4m of exceptional items consisting primarily of costs related to the acquisition by Marsh & McLennan Companies (MMC), regulatory costs and restructuring charges.
Costs related to the takeover by MMC reached £77.2m, mainly made up of staff costs.
Meanwhile the broker’s
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