This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.
Jardine Lloyd Thompson Group Plc Preliminary Results For The Year Ended 31st December 2006 (Unaudited)
Financial Summary
2006 2005 Change
Continuing operations £m £m
€¢
Fees and commissions 459.5 454.1 +1.2%€¢
Profit before tax 90.8 71.2 +27.4%€¢
Underlying profit before tax * 76.5 73.6 +3.8%Continuing and discontinued operations
€¢
Profit before tax 76.5 73.8 +3.7%€¢
Underlying profit before tax * 78.5 76.8 +2.2%Earnings per share (EPS)
€¢
Diluted EPS 21.6p 23.8p -9.2%€¢
Underlying diluted EPS * (continuing operations) 23.8p 22.7p +4.8%Total dividend for the year
20.5p 20.5p -* "Underlying" is before exceptional items and impairment charges (see note 2)
Financial Highlights
€¢
Achieved modest overall improvement€¢
Retail UK and Overseas operations - improved trading margin to 21%€¢
London Market operations - good performance offset by weaker dollar exchange rate€¢
Employee Benefits - continued strong performance with margin improvement to 17%Operational Highlights
€¢
Strategic decision taken to divest US based operations€¢
Pension scheme deficit reduced by 35%€¢
Reorganisation of London Market operations€¢
Senior management team strengthenedDominic Burke, Chief Executive, commented: "We will continue to build on our strengths and invest for the future. Whilst it is still early in the year, we anticipate that we will show further progress in our financial performance in 2007 compared with 2006.
Much has been achieved in a relatively short period of time and the foundations have been put in place to give grounds for optimism for 2008 and beyond."
Enquiries:
Paul Dransfield,
Head of Group Corporate Communications
Jardine Lloyd Thompson Group
020 7528 4933
James Murgatroyd/Amanda Lee Finsbury Group 020 7251 3801
A presentation to investors and analysts will take place at 9.00am today at 6 Crutched Friars, London EC3N 2PH. A webcast of the presentation can be viewed on the Group's website
www.jltgroup.com later today.Full report can be viewed here: http://202.66.146.82/listco/sg/jm/press/p070305.pdf