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UK's PwC reports a record USD31.5b revenue in FY'12  Join our daily free Newsletter

MENAFN - 04/10/2012

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(MENAFN) PricewaterhouseCoopers (PwC), posted a record USD31.5 billion in revenues in fiscal year 2012, eight percent up from last year's USD29.2 billion, helped by growth in advisory and consulting work, Reuters reported.

The world's largest accounting company said that its advisory and consulting business generated nearly 17 percent higher revenues than last year.

Revenues from its audit business and related services topped 3 percent growth, while tax revenues grew by nearly 8 percent, PwC said.

The company said that its businesses in Western Europe generated USD12 billion revenues, despite the ongoing debt crisis in the Eurozone. That was up from USD11.5 billion in 2011.

USD11.2 billion revenue was generated from North America and the Caribbean, up from USD9.9 billion, the company added.

Developing markets in Asia, the Middle East and Africa accounted for a much smaller share of PwC's revenues, but that balance is shifting, PwC said.

 






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