KPMG UK overcame stagnant revenue to post a double-digit increase in profits in 2024, feeding into a 4% hike in profits distributed to partners.
The Big Four Firm blamed a weak advisory market for keeping its revenue increase to 1%, up to £3 billion ($3.7 billion) in its fiscal year ended Sept. 30. Growth in tax and legal services helped offset the advisory drop. Cost-cutting drove an 11% increase in pre-tax profit to £404 million, with the per-partner profit payout reaching £816,000.
UK senior partner Jon Holt said in a statement Wednesday that it was a good performance in ...
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