KPMG Romania and Moldova reports EUR 35 million turnover at the end of September

KPMG in Romania reported a turnover of EUR 35 million for the financial year ending September  30 2011 (EUR 34 million as at 30 September 2010). Compared to the previous financial year, KPMG has achieved a 3 percent increase in turnover, consolidating the positive trend of the last few years. The results for Tax and Legal Services account for 21 percent of the total turnover, while Advisory and Audit Services represent 26 percent and 53 percent respectively of total turnover. 

 “Our strategy for the following three years is ambitious, but it is underpinned by our global and regional resources and over 600 specialists in Romania. The business climate remains tough and we are constantly on the lookout for new ways in which we can help clients to progress, to reduce the inherent risks, offering them the comfort they need to manage the stress of these uncertain times and have control over the performance of their companies,” commented Serban Toader, Senior Partner at KPMG in Romania.

The results are based on financial statements prepared in accordance with International Financial Reporting Standards (IFRS) and cover the operations of KPMG in both Romania and the Republic of Moldova.