JLT shares slump as it blames difficult trading for profit drop in 2004
Broker Jardine Lloyd Thompson Group recorded a profit before tax and exceptional items of £92.1m, compared to a restated £106.7m for 2003. Profit before tax was £81.3m compared to a restated £107.8m in 2003. It share price has dropped 11.5 pence on the news, to 370.5 pence today.
Turnover increased by 9% to £468.1m (2003: £429.0m). The Group's trading profit, defined as turnover less expenses and excluding exceptional items and goodwill amortisation, was £84.4m, compared to aOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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