JLL income flat but Europe sees increases

Jones Lang LaSalle posted essentially flat income for the second quarter of 2012, but European income more than doubled on the back of the acquisition of King Sturge.

The world’s second largest property services firm revealed net income of $51m for the three months to 30 June, compared to $50m the year the year before. This was on the back of revenue of $921m, up 9% on the same period in 2011.

Europe, the Middle East and Africa produced operating income of $13m, compared to $6.4m in the same period last year – a rise which JLL put down to the successful integration of King Sturge. Revenue in the region rose 24% to $249.2m.

Asia Pacific was the worst perforomer, seeing operating income fall from $21.6m to $13.2m, on the back of a 1% fall in revenue to $204.6m

In the Americas operating income rose from £32.5m to $38.4m, with revenue rising 18% to $408.1m.

“We produced solid second-quarter and year-to-date results in a cautious market environment,” said Colin Dyer, president and chief executive officer. “We continue to take market share and maintain tight cost discipline as we enter the important second half of the year,” Dyer added.

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