Leucadia National Corporation (LUK) has reported 144.10 percent jump in profit for the quarter ended Dec. 31, 2016. The company has earned $138.19 million, or $0.37 a share in the quarter, compared with $56.61 million, or $0.15 a share for the same period last year.     

Revenue during the quarter grew 10 percent to $2,745.78 million from $2,496.22 million in the previous year period.     

Rich Handler, chief executive officer of Leucadia, and Brian Friedman, president of Leucadia, said: "Leucadia’s fourth quarter 2016 results reflect a solid finish to the year, including better performance at Jefferies and another quarter of record profits for National Beef. Jefferies showed strong performance in investment banking, solid performance from its core equities business, and continuing significant improvement in fixed income. National Beef benefited from strong demand and more than ample supply of cattle, which together resulted in excellent margins throughout the quarter. Jefferies and National Beef, our two largest businesses, have regained their stride, and the rest of our businesses are in solid shape and well positioned as we enter 2017.