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

LLPs in Top 50+50: Will LLPs continue to be the preferred set-up?

Accounting Firms LLPs in Top 50+50: Will LLPs continue to be the preferred set-up?

10h Fergus Payne, Lewis Silkin
BDO’s global revenues pass $8bn

Accounting Firms BDO’s global revenues pass $8bn

6d Alia Shoaib, Reporter
Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

Accounting Firms Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

1w Philip Smith, Reporter
Top 40 International Networks, Associations and Alliances 2017: Big Four tussle for top spot

Accounting Firms Top 40 International Networks, Associations and Alliances 2017: Big Four tussle for top spot

1w Emma Smith, Managing Editor
BDO reports revenue growth of 5.7%

Accounting Firms BDO reports revenue growth of 5.7%

2w Alia Shoaib, Reporter
Taylorcocks announces merger with Surrey firm

Accounting Firms Taylorcocks announces merger with Surrey firm

2w Emma Smith, Managing Editor
Kingston Smith reports 7% gender pay gap

Accounting Firms Kingston Smith reports 7% gender pay gap

2w Emma Smith, Managing Editor
RSM announces two partner promotions

Accounting Firms RSM announces two partner promotions

3w Emma Smith, Managing Editor