Jones Lang LaSalle delivered a strong performance in Europe contributing to a 9% increase in global revenue in the second quarter of 2012.
The Chicago-headquartered firm posted revenue of $921m, although net income remained broadly flat, rising just $1m to $51m in the three months to the end of June.
However, the property services firm delivered a strong performance in Europe, where income more than doubled to $13m following its acquisition of rival agent King Sturge.
Revenue in the region increased by a whopping 24% to $249.2m on the same period last year, which incorporated just one month of trading with King Sturge.
JLL said it continued to improve its performance in the Americas, where operating income rose from £32.5m to $38.4m, with revenue rising 18% to $408.1m.
Asia Pacific was the worst performer, with operating income dropping from $21.6m to $13.2m, on the back of a 1% fall in revenue to $204.6m
“We produced solid second-quarter and year-to-date results in a cautious market environment,” said president and chief executive Colin Dyer.
He added: “We continue to take market share and maintain tight cost discipline as we enter the important second half of the year.”
bridget.o’connell@estatesgazette.com
