PracticeAccounting FirmsOnly modest growth in PwC revenues

Only modest growth in PwC revenues

Firm manages just 6% rise on 2006

The UK’s biggest firm,
PricewaterhouseCoopers has announced 6% growth
in turnover for the 2007 financial year to £2.1bn.

Underlying net revenue grew 9% and underlying profit grew 11% to £631m.

Its assurance business grew by 4% to £947m, while its tax arm increased 13%
to £667m and turnover in advisory grew 4% to £493m.

UK chairman
Kieran
Poynter
commented: ‘Our results demonstrate the strength and diversity of
our business and reflect the demands for an increasingly broad set of high
quality services from our clients, with 72% of our turnover coming from
non-audit services.’

Further reading:

PwC appoints 71 new partners

PwC to probe Max Petrol options mystery

PwC turnover tops £2bn

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