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JLL net income touches $46.5 million mark

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Jones Lang LaSalle (JLL), the leading integrated global real estate services and money management firm, reported record rise of 37 per cent rise in its net income. The company’s net income touched $46.5 million mark for the quarter ended September 30, 2007.

The company’s year-to-date net income stood at $151.7 million. Revenues generated for the third quarter 2007 was $624 million, witnessing an increase of 35 per cent as compared to the same in 2006, while operating income of the company increased 73 per cent to $65 million

“These record results demonstrate the strengths of our global platform and comprehensive product and service offerings,” stated Colin Dyer, President and Chief Executive Officer of JLL, in a press release

“While we recognize the uncertainty in the capital markets, particularly in the U.S. and the UK, we expect that the strategic growth investments we have made across our diverse business, and our focus on superior client service, will produce continued solid performance in the fourth quarter and into 2008,” Dyer added.

Aggressive investments made over the last two years to expand market share and client wins, together with strategic acquisitions, are contributing to the firm’s positive results.

JLL is the only real estate money management and services firm which is named in Fortune magazine’s 100 Best Companies to Work For and Forbes magazine’s 400
Best Big Companies.

The company operates through over 160 offices in more than 450 cities in 50 countries.

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