JLL revenue grows 19% in 2005
GLOBAL - Jones Lang Lasalle reported revenues of US$1.39bn for the full year 2005, up 19% from the year before aided by growth in all operating segments. The real estate services and money management firm reported a net income increase of 61%, rising from $64m in 2004 to $104m. For the fourth quarter of 2005, net income was $67m, compared to $50m for the same period in 2004.
Operating income for the year was $132m compared with $90m for 2004, representing an increase of 47%.
Operating expenses were $413m for the fourth quarter of 2005 compared with $353m Q4 2004.
Colin Dyer, JLL chief executive said he was “extremely pleased” with the results.
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