Deloitte posts strong performance

Business advisory firm Deloitte has reported revenues of £1,953 million for the year ended 31 May 2010, just £16 million below the previous year, despite the tough economic environment. The profit for the financial year distributable to partners was £590 million against £601 million in 2009. The average profit earned by each partner in the year, after providing for pensions and annuities payable to retired partners, was £873,000 compared with £883,000 last year. Deloitte’s business divisions performed strongly in the context of the economic environment. Revenues in Corporate Finance grew by 10.6 per cent, while revenues were down 2.9 per cent in Audit, 2.3 per cent in Tax and four per cent in Consulting.