Property consultancy Jones Lang LaSalle on Thursday reported record third-quarter net
Property consultancy Jones Lang LaSalle on Thursday reported record third-quarter net
income of $ 46.5 mln (EUR 32.25 mln) or $1.38 per diluted share of common stock, up from $24.7 mln, or $0.73 per share in the same year-earlier period. Net income for the nine month to end–September came in at $151.7 mln, or $4.50 per share, compared with $95.0 mln, or $2.85 per share in 2006.
Revenues for the third quarter came in at $624 mln, up 35% on 2006, and $1.8 billion for the first nine months, an increase of 37 %. Third-quarter operating income was up 73% at $64.5 mln, from $37.3 mln a year ago, with income for the first nine months rose by 55% to $202 mln from $130 million in the previous year.
JLL said that despite the uncertain situation on the capital markets, it expects a solid performance for the remainder of 2007 and into 2008.