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KPMG has released its full-year results to 30 June 2015, with total revenue up 8 per cent to $1.21 billion.
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KPMG announces full-year results
12 August 2015
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While the firm did not provide actual figures, KPMG indicated overall profitability has also increased.
Advisory remained the firm’s largest business, contributing 49 per cent of revenues, with audit contributing 34 per cent and tax 17 per cent.
Advisory services grew by 11 per cent over the year, with audit up by 7 per cent and private enterprise by 5 per cent while tax managed only 2.2 per cent growth.
KPMG chairman Peter Nash said that, overall, he is pleased by the results.
“It’s a strong result and pleasingly, the majority of the growth was organic, with all divisions making positive contributions. Our acquisitions strategy, which is aligned with our global business and supports the areas of greatest challenge for our clients, also began to contribute to growth in the second half of the year," he said.
Mr Nash indicated that he expects this growth to escalate in the year ahead, saying the outlook for the future is strong both at the global and the domestic levels.
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“There’s real momentum in our business, particularly in areas such as deal advisory and consulting, as our clients look to take advantage of these market conditions or structure to capitalise on the conditions,” he said.
KPMG chief executive Mr Wingrove added that he is confident about the year ahead.
“We’ll keep executing against our strategy, with a focus on continued investment across all areas of the firm, and innovation, which is key to us having a longer term growth trajectory that is sustainable.
“The coming year presents us with a raft of opportunities. Our outlook, pipeline and our momentum are great,” Mr Wingrove said.
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