The results cover the year to September 30, 1999.
The firm has put the successful year down to improvements in its consultancy practice, driven by massive growth in e-business related services.
Consulting grew by 30% as the firm advised, among other things, on how to use the internet to cut distribution costs and eliminate high street outlets.
Alan Reid, finance partner, said: ‘We focused on electronic commerce three to four years ago. If you talk to analysts they will tell you we are now the market leaders in that sector’.
KPMG’s distributable profit rose by 35% to £242 million. Partner reward increased by 28% to £391,000.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel