Trade JTC PLC - JTC CFD

JTC PLC Company profile

About JTC PLC

JTC PLC is a Jersey-based international provider of fund, corporate and private wealth services to institutional and private clients. The Company’s operations are divided into two divisions based on the type of client serviced, such as the Institutional Client Services (ICS) Division and Private Client Services (PCS) Division. The Institutional Client Services Division covers Fund Services and Corporate Services for corporate and institutional entities. The Private Client Services Division covers Private Wealth Services and Corporate Services provided to family offices, high net worth individuals (HNWIs) and ultra-high net worth individuals (UHNWIs). The Company has its operations in approximately 17 different jurisdictions including its operations in Europe, South Africa, Mauritius, the United States, and in Cayman Islands. Its clients include alternative asset managers, financial institutions, corporates and private clients.

Financial summary

BRIEF: For the six months ended 30 June 2021, JTC PLC revenues increased 25% to £67M. Net income increased from £9.9M to £36.5M. Revenues reflect Institutional Client Services segment increase of 31% to £39.8M, Private Client Services segment increase of 16% to £27.2M. Net income benefited from Bad Debt Written Off/Provision decrease of 18% to £904K (expense), Capital distribution from EBT12 decrease from £9K (expense) to £0K.