KPMG operating profits up 6%

Link: Corporate finance outlook bright, say Big Four

The UK LLP’s non-audit business delivered an especially good showing – growing by 13%, with risk advisory and corporate finance services the major contributors. Average operating profit per member also rose 8.9% to £451,500.

‘In 2004, we saw real progress across our operations in the UK,’ said Mike Rake, chairman of KPMG International. ‘The investments we have made in our business are delivering significant growth, and I am convinced we have now put the business in a strong position.’

KPMG global, meanwhile, recorded growth of 14.7% in the 2004 financial year, with profits from the international network of firms reaching $13.44bn.

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