March 28, 2019 / 11:22 AM / 3 months ago

Jefferies posts first-quarter profit

March 28 (Reuters) - Jefferies Group LLC reported a first-quarter profit on Thursday, compared with a loss a year earlier when the financial services company took a charge related to changes in U.S. tax laws.

Net profit for the quarter stood at $46 million, compared with a loss of $60.8 million a year [reut.rs/2HY4Ifs] earlier.

Jefferies Financial Group, earlier known as Leucadia, is the parent company of Jefferies Group LLC. (Reporting by Bharath Manjesh in Bengaluru; Editing by Shinjini Ganguli)

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