JLL reports 68% drop in 3Q profits

International property advisor Jones Lang LaSalle (JLL) saw its profits drop by 68% in the third quarter in part as a result of acquisition and restructuring charges. Third-quarter net income fell to $15 mln, or 43 cents a share, from $47mln, or $1.38 per share, a year before, the company said. On a year-to-date basis, 2008 net income was $42 mln, or $1.25 per share, compared with net income of $152 mln, or $4.50 per share in 2007.

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