JTC
has reported further growth in the first half of 2019 in its interim
results, published today (17 September).

The
results show that JTC, which is headquartered in Jersey and listed on
the Main Market of the London Stock Exchange (LSE), grew revenue in
the first six months of 2019 by 32% period-on-period to stand at
£46.6m. This reflects a combination of net organic growth of 8.2%
and growth from acquisitions of 23.8%.

In
addition, JTC reported an increase in earnings (adjusted underlying
EBITDA) of 35.2% to
£14.3m (up from £10.5m in the first half of 2018) and in
its underlying profit margin to 30.6% (up from 29.9% compared to the
same period in 2018).

Strong
performances by both the Institutional Client Services (ICS) and
Private Client Services (PCS) Divisions were also noted in the
figures, with ICS reporting a 27.6% increase in gross revenue to
£25.4m and PCS a 37.7% increase to £21.2m.

The
results also pointed to the investment JTC has made in its global
platform through the enhancements made to its senior management team,
including the appointments of a new Group Head of ICS and Chief
Commercial Officer, developments in technology and business processes
and the efficient integration of its recently acquired businesses
(Minerva, Van Doorn and Exequtive Partners).

Nigel
Le Quesne, Chief Executive Officer of JTC PLC, said: “We
have maintained the momentum from our strong first set of full year
results into the first half of 2019. 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.

NOTES

about
jtc

JTC is a publicly listed, award-winning
provider of fund, corporate and private wealth services to
institutional and private clients.

Founded in 1987, we have c.700 people
working across our global office network and are trusted to
administer assets of c.US$110 billion.

The principle of true shared ownership
is fundamental to our culture and aligns us completely with the best
interests of our clients.

www.jtcgroup.com

REGULATION
AND TERMS OF BUSINESS

JTC
Group entities that carry on regulated business are (respectively):
regulated by the British Virgin Islands Financial Services
Commission; the Cayman Islands Monetary Authority; the Guernsey
Financial Services Commission; the Jersey Financial Services
Commission; the Commission de Surveillance du Secteur Financier and
the Ordre des Experts-Comptables (Luxembourg); the Financial Services
Commission (Mauritius); De Nederlandsche Bank (Netherlands), the
South African Financial Sector Conduct Authority as an authorised
financial services provider; chartered and regulated to provide trust
services by the South Dakota Division of Banking in South Dakota
(USA) ; a member of l’Association Romande des Intermédiaires
Financiers (Switzerland); licensed by the Isle of Man Financial
Services Authority and authorised and regulated by the Financial
Conduct Authority (UK).

For
our full website disclaimer, please visit:
www.jtcgroup.com/disclaimer. For JTC Group’s full terms of
business, please visit: www.jtcgroup.com/terms-of-business.

jtcgroup.com