Willis begins results season with $127m profit slide
Willis has announced its fourth quarter 2005 and full year results reporting a drop in net income from $427m (£245m) in 2004 to $300m (£172m) to the year ended 31 December 2005. The fall was attributed to first quarter charges for regulatory settlements and related expenses, severance costs and other provisions.
Fourth Quarter results
Total reported revenues for the quarter ended December 31, 2005 decreased 4 percent to $562 million, from $588 million for the same period last year. The effect of foreign
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