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JTC PLC on Tuesday said yearly revenue hit the £200.0 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 £200.0 million, up 36% from £147.5 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 £200.0 million. JTC’s annual pretax profit rose by 29% to £35.9 million from £27.8 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 £24.6 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. Copyright 2023 Alliance News Ltd. All Rights Reserved.
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