Leucadia National Q1 Profit Down - Quick Facts

(RTTNews) - Leucadia National Corp. (LUK) said that its net income attributable to common shareholders for the first-quarter ended March 31, 2014 declined to $94.32 million or $0.25 per share from $305.10 million or $1.08 per share in 2013.

These results reflected the inclusion of Jefferies Group LLC and its subsidiaries since its acquisition; as a result operating results for Jefferies are reflected in the 2014 period only.

Income from continuing operations before income taxes dropped to $139.78 million from last year's $353.92 million.

Net revenues for the quarter rose to $2.94 billion from $2.30 billion in the year ago quarter.

Net revenues and pre-tax income for 2013 include realized and unrealized gains of $410.3 million, comprised of an unrealized mark-to-market gain of $182.7 million on Jefferies shares owned prior to the merger and a realized gain of $227.6 million related to the sale of Inmet Mining Corporation.