Jones Lang LaSalle Inc., a real estate service company with a significant presence in the Bay State, has posted a second-quarter net loss from a year-earlier profit, after restructuring and impairment charges.

The company on Tuesday posted a net loss of $14 million, or 40 cents per share, compared with a profit of $24.5 million, or 77 cents per share, in the year-ago quarter.

Excluding charges of $15 million for restructuring and $15 million in non-cash co-investment impairment charges, the Chicago-based company would have posted a profit of $11 million, or 30 cents per share.

During the quarter, the company whittled down operating costs 12.6 percent to $543 million. The company said it plans to continue to cut costs to save $125 million a year.

Second-quarter revenue fell 13 percent to $576 million, trailing analysts forecast of $587.9 million, according to Reuters Estimates. In local currencies, revenue fell 6 percent.

Jones Lang LaSalle shares closed up 1.9 percent, or 75 cents, at $39.83 on Tuesday on the New York Stock Exchange and were inactive in after-hours trading. (Reuters)