Revenue climbs to nearly £2.2bn but profits dip for KPMG
Revenue has climbed to £2.172bn for professional services giant KPMG, although a raft of investment write-offs and one-off expenses has led to a 19% reduction in profits.
In the year to September 30, pre-tax profits were down from £374m in 2016 to £301m, leading to a fall in average patner remuneration from £582,000 to £519,000.
The chairman’s pay was £1.4m, which reflects nine months remuneration for the former chairman Simon Collins and three months remuneration for the current chairman, Bill Michael.
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