PracticeAccounting FirmsKPMG operating profits up 6%

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.

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.

Related Articles

Sexual harassment – is accountancy next for #MeToo?

Accounting Firms Sexual harassment – is accountancy next for #MeToo?

2d Karen Baxter, Lewis Silkin
Johnston Carmichael CEO appointed as ICAS president

Accounting Firms Johnston Carmichael CEO appointed as ICAS president

3w Emma Smith, Managing Editor
British Accountancy Awards 2018 – entries open!

Accounting Firms British Accountancy Awards 2018 – entries open!

1m Emma Smith, Managing Editor
Is the accountancy sector facing an international talent crisis?

Accounting Firms Is the accountancy sector facing an international talent crisis?

1m Lewis Silkin
RSM appoints new Chief Operating Officer

Accounting Firms RSM appoints new Chief Operating Officer

1m Alia Shoaib, Reporter
RSM announces 11 partner promotions

Accounting Firms RSM announces 11 partner promotions

2m Emma Smith, Managing Editor
BDO hires former AstraZeneca creative director as head of digital and innovation

Accounting Firms BDO hires former AstraZeneca creative director as head of digital and innovation

2m Emma Smith, Managing Editor
What does the future hold for listed accountancy firms?

Accounting Firms What does the future hold for listed accountancy firms?

2m Fergus Payne, Lewis Silkin