Solid revenue rise for Jones Lang LaSalle

PROPERTY giant Jones Lang LaSalle yesterday reported solid third quarter results, with revenue up 19 per cent to $1.1bn (£682m) from the same period last year.

The firm, which is a sales agent for Battersea Power Station, reported adjusted earnings per share of $1.49 for the quarter, up from $1.23 at the same time in 2012 and said there had been double-digit revenue increases in every part of the globe.

The company said the highlight for the EMEA (Europe, Middle East and Africa) sector was capital markets and hotels, which increased 61 per cent to $82.8m.

“Strong performance in the UK, France, the Netherlands and Southern Europe all contributed to growth,” the firm stated.

“Our solid third-quarter results show significant revenue growth and increasing profitability across our operations,” said Jones Lang LaSalle chief Colin Dyer.

“In the fourth quarter, traditionally the most profitable of the year, we will continue to improve margins, take market share and invest in the long-term strength of the business,” he added.

The board announced a semi-annual dividend of $0.22 per share to be paid on 13 December.