10m euro revenues for KPMG

Fiscal consulting, audit and risk assessment services have contributed the most to the higher revenues posted by professional service company KPMG Romania for the fiscal 2002/2003. The third leading player on the Romanian consulting market, KPMG, estimates its gross revenues throughout September 30, 2002- September 30, 2003 to be worth 10 million euros. Victor Kevehazi, senior partner KPMG Romania, says attaining the 10 million-euro revenue level proves the company’s constant growth. The highest growth in the last twelve months, 10%, was registered by the fiscal service revenues, which amounted to 2 million euros. “We expect demand for fiscal services to become higher, particularly from foreign investors that need assistance in a complicated fiscal system such as the one in Romania,” Victor Kevehazi says. The audit business however, has been the main stream of income over the last twelve months, generating more than 5 million euros in revenues. The year-on-year growth was of 10%. ZF