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Jones Lang LaSalle beats profit hopes
JONES Lang LaSalle, one of the world’s biggest real estate services companies, last night reported net earnings that easily beat Wall Street’s forecast.
The US-listed firm, which is among the agents acting for the Shard skyscraper, said first-quarter net income surged to $14m (£8.6m), compared to $1.5m a year ago, during a traditionally quiet season for property firms.
Revenue during the quarter rose 18 per cent to $813m. Fee revenues in EMEA jumped 31 per cent to $187m as a result of the firm’s acquisition of smaller rival King Sturge and a rise in market share.