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JLT upbeat on outlook as trading performance meets expectations

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Jardine Lloyd Thompson Group (JLT), which is 32 per cent owned by Jardine Matheson Holdings, said its overall trading performance for the period from July 1 to November 8 was in line with its expectations, without giving numbers.

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The London-listed company said its organic growth during this period was 'encouraging' and it was on track to achieve financial growth for the whole of this year - and to fulfil its strategic and financial objectives.

'As we enter the final quarter of the year, we remain optimistic about the prospects for the company,' said JLT chief executive Dominic Burke.

JLT is an international firm engaged in insurance, risk and an employee benefit consultancy, headquartered in London, with over 6,200 employees in more than 130 countries.

'Our risk and insurance business is performing well although the insurance rating environment remains soft in most classes. Employee benefits is delivering a solid trading performance,' JLT said.

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Its financial position remains strong, with low net debt and extensive committed credit facilities, the company said.

Its net debt increased from GBP61 million (HK$763.29 million) on June 30, 2009 to GBP102 million on June 30 this year, while net assets increased from GBP224 million to GBP260 million.

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