Monday, December 18, 2017

KPMG profits hit by writedowns as partners endure pay cut

Partners at KPMG are having to stomach a pay cut after profits at the accountancy giant were hammered by a series of investments gone sour. KPMG UK said that profits tumbled 19.5% to £301 million in the year to September 30, dragged down by what it called “investment write offs and one-off items”.
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