Institutional and private client services provider JTC, which has a particularly strong funds
presence in Guernsey, announced its first set of results as a
London-listed company, reflecting a strong performance over the
first six months of 2018.
The results show that overall group revenue increased by
£7.1 million (25.2%) to £35.3 million and that
underlying profits rose by £3.1 million (56%) to £8.6
million year-on-year, with the firm's institutional client and
private client divisions both being 'on target'.
This growth was achieved through a mixture of net organic
growth, enhancements to the firm's senior management team,
continued investment in IT systems and the anticipated positive
contribution of the two acquisitions made during 2017, as well as
agreements for two more acquisitions since June 2018.
