JLL global net income hits US$393 million
Jones Lang LaSalle (JLL) announced its global revenue for Q4 2014 rose to nearly US$1.75 billion (S$2.36 billion) from about US$1.5 billion (S$2 billion) a year ago, bringing its full-year figure to US$5.43 billion (S$7.3 billion) from US$4.46 billion (S$6 billion) in 2013.
As a result, its adjusted net income for the last quarter soared to US$195 million (S$262 million) versus US$150 million (S$202 million) in Q4 2013, pushing its full-year figure to US$393 million (S$529 million) versus US$285 million (S$384 million) previously.
Adjusted earnings per share in Q4 2014 also increased to US$4.30 (S$5.80) from US$3.33 (S$4.50) in the third quarter of 2013. This brought the full-year adjusted earnings per share to US$8.69 (S$11.7) from US$6.32 (S$8.50) in the preceding year.
Specifically, revenue from the Asia Pacific (APAC) region surged by 20 percent to US$355.1 million (S$478 million) in the last quarter from US$310.4 million (S$418 million) in Q3 2014, while full-year revenue climbed by 19 percent to US$1.11 billion (S$1.5 billion) from US$965.8 million (S$1.3 billion) previously.
In December 2014, Standard & Poors also raised the companys investment-grade rating to BBB, which aligns with the Baa2 rating from Moodys, JLL added.
JLL President and CEO Colin Dyer, said, In 2015, we will continue our consistent policy of investing in our platform to continuously improve the quality and scope of our services, and build the long-term value of our company.
Muneerah Bee, Senior Journalist at PropertyGuru, edited this story. To contact her about this or other stories emailmuneerah@propertyguru.com.sg
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