Jones Lang LaSalle (JLL) has posted another quarter of 'solid revenue growth' as net income rose to $44 mln in the second quarter, up 27% on last year's result of $32 mln.
The Chicago-based property services firm saw its revenue jump 24% year-on-year to $845 mln in the second quarter of this year. Adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) amounted to $94 mln up from $78 mln in the corresponding period in 2010.
JLL, which at end-May finalised its £197 mln acquisition of King Sturge, said the EMEA region reported a good performance with second-quarter revenues coming in at $218 mln, up 28% on 2010's result of $171 mln. The Asia Pacific region booked the strongest as revenue jumped 39% to $215 mln.
'While the cyclical recovery in global real estate markets continues, business confidence is being tested internationally by concerns over government finances,' said President and Chief Executive Officer Colin Dyer. 'We expect to continue to grow our market share worldwide and remain positive on our prospects for the seasonally stronger second half.' |