Marsh & McLennan Reports $65M Net Income in Second Quarter

Marsh & McLennan Companies on Wednesday reported net income of $65 million for the second quarter, down 63% from $177 million in the second quarter of 2007.MMC said consolidated revenue was $3 billion, up 9% from the second quarter of 2007. Revenue growth was 4% on an underlying basis, which measures the change in revenue before the impact of acquisitions and dispositions, using consistent currency exchange rates.For the first six months of 2008, consolidated revenue was $6.1 billion, an increase of 10%, or 4% on an underlying basis, from the same period in 2007.In connection with the seco...