JLL reports strong third-quarter results

Jones Lang LaSalle has reported a net profit of $15.3m (£8.3m) for the third quarter of 2004, more than twice that of the equivalent period in 2003. The company’s global third-quarter revenues were up by $52.9m (£28.6m) to $271m (£146.6m), an increase of 17% year on year in local currency terms.

In Europe, JLL’s revenue was up 10% on the third quarter of 2003, led by increasing activity in the letting markets in England and France, plus strong capital markets performance and growth in Russia and Central Europe.

JLL President and Chief Executive Officer, Colin Dyer, said of the first results under his leadership: “We continue to report improving financial results in all of our business segments; the result of leveraging operational excellence in an improving world economy. I have been impressed with the strong financial and operational performance which our businesses have demonstrated in my first quarter as CEO. We are well positioned going into the strongest business quarter of the year.”
Source: Freeman

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