Aon Corporation has reported dilutive net income per share of $0.49 for the quarter ended June 30, 2000, compared with $0.57 in the second quarter of 1999. Second quarter revenues increased 6% to $1.8 billion versus the year ago period.
Adjusted for currency translations, revenue was up 8%. Net income for the quarter was $129 million, compared with $151 million in the year ago period. For the first six months of 2000, revenue was $3.6 billion, up 6%. Dilutive net income per share for the first half of 2000 was $0.96, compared with $1.15 before special charges in the same period of 1999.
“Organic revenue growth in our three business segments was strong, and we continue to witness price firming in our brokerage business. The rollout of our retail brokerage system in the U.S. has progressed well, and we anticipate improved margins from increased productivity in the future,” said Patrick G. Ryan, chairman and CEO.
“European insurance services results were especially strong, and client demand for our consulting services, and underwriting products has been robust.”
Topics Profit Loss Aon
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