JTC has recorded 38.8% revenue growth, to £93 million, in the first half of 2022.
The fund and corporate services provider said the result reflected net organic growth of 9.5%, and inorganic growth of 29.3%.
The London Stock Exchange-listed company reported 40.1% higher underlying profit (EBITDA) of £30.7 million with a 33% profit margin.
New business wins were up 22% to £12.6 million, the highest for the group so far.
Nigel Le Quesne, JTC PLC chief executive officer, said in a press release that the strong financial performance met the group guidance metrics and reduced leverage.
Le Quesne said the institutional client services division had shown excellent growth and continued margin progression, while the private client services division maintained strong margins as it continued with planned investments.
In addition, the company saw revenue growth from its fast-growing banking and international tax compliance service lines and the post-period acquisition of New York Private Trust Company (NYPTC) in Delaware, US, which remains subject to regulatory approval.
LeQuesne said the group would benefit in the second half of 2022 from the integration of seven acquisitions made last year.
“We maintain our disciplined approach to selecting new targets and we were delighted to announce the acquisition of NYPTC in Delaware post period end,” he added.
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