Revenue up strongly but profits flat at Deloitte

Deloitte have revealed revenue growth of 11.2% to £3.4bn in their financial results for the year ended 31 May 2017.

This is up £340m from last year, with revenue increasing from £3.04bn to £3.4bn. This is the second consecutive year of double-digit growth for the Big Four firm.

Despite revenue growth across multiple sectors, distributable profit for 2017 was flat year on year at £608m. The report also revealed average profit per equity partner was £865,000.

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