Profits up at CBRE and Jones Lang

 
Marion Dakers
ERTY

ERTY firms CBRE and Jones Lang LaSalle reported solid rises in quarterly profits last night.

CBRE beat Wall Street’s predictions with a 31 per cent jump in earnings to $88m, on revenues up 13 per cent to $1.6bn.

Revenue from Europe, the Middle East and Africa fell 4.9 per cent to $248.2m, as gains were wiped out by the soft euro.

JLLS reported a two per cent rise in adjusted net income to $51m, on revenues up nine per cent to $921m. EMEA fees and revenues were up by almost a quarter, excluding currency movements, after the purchase of King Sturge.