Profits and revenues up at EY despite Brexit slow-down
Accountancy giant EY has reported UK fee income growth of 7% to £2.150bn for the year ending 1 July 2016, up from £2.010bn in the previous year.
The firm says that the slow-down in the run up to the EU Referendum reduced the momentum of its overall performance, however all service lines and regions still reported strong growth over the year. Profits before tax increased by 3% from £437m to £452m.
EY says that the performance of its 900-strong Midlands practice was in line with the UK firm’s growth during FY16.
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