Profits up 10% at Grant Thornton
Grant Thornton has posted a 10.3% rise in post-tax profit to £75m, while average distributable profit per partner was up nearly 7% to £407,000.
Meanwhile, the firm, which has offices in Leeds and Sheffield, saw overall revenue drop 6.4% from £534m to £500m as the business reshaped its client portfolio. A major factor in the fall in revenues was the unexpected cessation of a Government contract to deliver business growth services, otherwise like for like revenue would have been 2.5% up.
Chief executive Sacha Romanovitch sai... 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...
