Jones Lang LaSalle has reported a 33% rise in net profits to $36.1m for the year to 31 December 2003. However, revenue at JLL’s European arm was down 3% to $351.1m, although the UK business performed the strongest. Revenue was up 8% to $313.5m at the US operation.
LaSalle Investment Management reported a 4% increase in revenue to $113.3m.
JLL Chairman and Chief Executive, Stuart Scott, commented: “We are pleased to end 2003 with a strong performance delivery around the globe and to exceed our earnings guidance. We are gaining confidence that the world economies are improving, starting first in the Americas. We have maintained our market strength while improving our core operational performance.”
Source: Freeman News