11th Apr 2023 09:34
(Alliance News) - JTC PLC on Tuesday said yearly revenue hit the GBP200.0 million mark for the first time, and it hailed "good momentum" at the start of 2023.
The Jersey, England-based fund management company said its 2022 revenue was GBP200.0 million, up 36% from GBP147.5 million in 2021. Net organic growth picked up to 12% compared to 9.6% a year prior, the company said.
The company said this was its first time reaching revenue of GBP200.0 million.
JTC's annual pretax profit rose by 29% to GBP35.9 million from GBP27.8 million.
Chief Executive Officer Nigel Le Quense noted that JTC integrated seven acquisitions from 2021 onto the company's global platform and recognised "new business wins" of GBP24.6 million.
JTC proposed a final dividend of 6.88 pence, up 36% from 5.07p the year before. This resulted in a total dividend for 2022 of 9.98p per share, up 30% from 7.67p per share in 2021.
Looking ahead, the company says it has carried "good momentum" into 2023 and anticipates strong organic growth.
CEO Le Quesne said: "2022 was arguably our best year ever in my 30 years at JTC."
Shares were trading 0.2% higher at 712.93 pence each in London on Tuesday morning.
By Sabrina Penty; Alliance News reporter
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