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KPMG partners in the United Kingdom enjoyed the largest day that was ever paid in the past year, as it strengthened the profits of Big Four despite the slowdown in revenue growth.
The company said on Wednesday that the payments of the UK partners in KPMG increased by 9 percent by an average of 816,000 pounds for the year until the end of September.
The Accounting Company announced a 1 percent increase in the revenue of the year until the end of September to 2.99 billion pounds, which is a sharp slowdown over the past two years, when the growth of 9 and 16 percent, respectively.
But the profits were raised by 11 percent on an annual basis to 404 million pounds, after KPMG took steps “to manage the cost base.” Company Cut 200 roles In June amid a slowdown in the request, And freezing wage For about 12,000 UK employees in 2023.
In the same year, the company also It executed its higher ranksLeave her partnership in its lowest level in more than two decades and enhance individual payments. KPMG 833 partners in the UK had participated in its profits in 2023, which rose to 837 last year.
The profit leap reversed a decrease of approximately 20 percent in the previous year, and it meant that the company's bonus container was 20 percent larger in 2024 for non -partners.
KPMG profit distances leave their partners in third place for wages among the four adults. PWC and EY partners have suffered a 5 percent reduction in wages in 2024, where the average payment of 862,000 pounds and 723,000 pounds, respectively, while the partners in Deloitte UK were delivered with an average of one million pounds. Annually over the past four years.
The KPMG UK counseling arm was affected by the slowdown in the demand for consulting services, and reported a 4 percent decrease in sales. Tax and legal division of 9 percent, and changed in tax laws, while the audit grew by 5 percent.
John Holt, CEO KPMG UKHe said: “This is a good performance in difficult market conditions.”
