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| Jones Lang LaSalle reports record net income of $256 million Jones Lang LaSalle reported record net income of $256 million, or $7.64 per diluted share of common stock, for the year ended December 31, 2007. This represents an increase of 46 percent over the prior year's net income of $175 million, or $5.24 per share. Revenue for the full year 2007 was $2.7 billion, an increase of 32 percent from the prior year, the result of strong performance in all operating segments. Operating income for 2007 was $342 million compared with $244 million for the prior year, an increase of 40 percent, led by Asia Pacific and EMEA. Included in the firm's 2007 full-year results was a significant advisory transaction fee earned by the Asia Pacific Hotels business. For the fourth quarter of 2007, net income was $105 million, or $3.16 per share, an increase of 30 percent, over net income of $80.4 million, or $2.37 per share, for the same period in 2006. Revenue for the fourth quarter of 2007 was $862 million, an increase of 22 percent from 2006, with all segments showing healthy increases. Operating income for the fourth quarter increased 23 percent to $140 million from $114 million in the prior year. write your comments about the article :: © 2008 Construction News :: home page |