Insurance arm fuels Johns Lyng earnings rise

Johns Lyng Group today reported double-digit increases in full-year earnings, underpinned by strong performances from its core insurance building and restoration services (IBRS) arm.

Sales revenue grew 14.8% to $568.4 million for the 12 months to June 30 from a year earlier, including a $358 million contribution from IBRS as measured on a business-as-usual activity basis.

The $358 million represents a 16.4% rise from the previous 2019/20 financial year.