Global fiduciary services provider JTC has reported statutory earnings before income tax (EBIT) of £0.6 million for the year ended 31 December 2018.

This sum is after expensing EBT capital distributions (£13.2 million), acquisition and integration costs (£4.3 million), initial public offering (IPO) (£1.0 million) and other non-underlying costs (£0.1 million).

The firm also reported strong performance by both the institutional client services and private client services divisions and a 29.3 percent increase in revenue to £77.3 million (2017: £59.8 million).

This reflects a combination of net organic grow...