KPMG operating profits up 6%
KPMG UK has reported a 6% increase in operating profits for the 2004 financial year, and a jump in turnover from £1,006m to £1,066m.
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.