JTC reports further growth

Thursday 19 September 2019

JTC, which has offices in Guernsey, has reported further growth in the first half of this year.

Its interim results show it grew revenue between January and June, reflecting a combination of net organic growth and growth from acquisitions.

The company has also seen an increase in earnings and in its underlying profit margin.

The results pointed to the investment JTC has made in its global platform through enhancements made to its senior management team, developments in technology and business processes, and the efficient integration of its recently acquired businesses.

"We have maintained the momentum from our strong first set of full year results into the first half of 2019," said Chief Executive Officer, Nigel Le Quesne. "We saw good growth in revenue and our underlying earnings compared to the same period last year.

"Pleasingly, both our institutional and private client services divisions have performed well as we continue to take a balanced approach to servicing the market, whilst the integration of the businesses acquired is progressing as planned.

"Overall, the group is trading in line with expectations and we are confident that this momentum will be carried into the second half of the year. We believe the group is well positioned to take advantage of any opportunities that arise and I thank all members of the JTC team for their ongoing contributions."

The full set of results can be found here.

 Pictured top: Nigel Le Quesne.