KPMG turnover rises to 34m euros in 2010

KPMG, one of the biggest audit and consulting companies, posted a 34 million-euro turnover in the financial year ended on September 30th 2010, slightly up against the previous year, according to Șerban Toader, the company’ senior partner for Romania and the Republic of Moldova.
“In a difficult economic context, our turnover continued to increase. Audit continues to be KPMG’s main line of business, accounting for 55% of the turnover. Fiscal consulting services continued to rise, but the biggest share, of around 35%, was accounted for by business consulting,” Toader told ZF in an interview.
The data reflect consolidated revenues for all KPMG companies in Romania and the Republic of Moldova in line with international financial reporting standards (IFRS), as of September 30th 2010.
In the financial year ended in September 2009, KPMG’s turnover amounted to 33.3 million euros, with 58% of it being generated by audit services.