PwC increases profits by £113m in difficult year
PwC has increased profits by £113m, enabling its partners to receive an average pay rise of £60,000, despite a difficult year in the spotlight.
The accounting giant was untypically shy about its profits this year, putting the figure more than 1,000 words into its results announcement, reflecting a sensitivity to criticisms the Big 4 have faced in the last year about the lack of competition in the audit market as well as its performance. Profits were up 14% to £935m in the year to June while revenues increased by 5%, to £3.76bn... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
