MMC’s Q1 profits on the rise
by Richard Kilner
Story link: MMC’s Q1 profits on the rise
Marsh & McLennan Companies, Inc. (MMC) has reported that in the three months ended 31 March 2012 it made consolidated quarterly revenue of $3.1bn, a 6% year-on-year rise.
The firm also reported quarterly net income of $347m, an improvement on the $325m it made during the corresponding period last year and the $256m of Q4 2011.
Quarterly operating income increased by 12% to $527m, and adjusted operating income rose by the same percentage to $530m.
President and Chief Executive Officer Brian Duperreault said that the first quarter’s results showed that MMC continued to build on the strong momentum it had gathered during the last two years.
Duperreault went on to describe Marsh’s performance as excellent and welcomed Guy Carpenter’s strong underlying revenue growth during the first quarter.