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News brief: Praxity Global Alliance reports 8% revenues increase

Praxity Global Alliance has said its global revenues increased to US$4.75bn, a 7.8% year on year increase for ten consecutive years, a record high for the financial year ended 31 December 2016.

The biggest growth in revenues was in advisory services, up nearly 19% to $950m, with audit and assurance as the main revenue stream at $1.9bn, an increase of almost 6%. Additionally, tax services were up 9.4% to $1.2bn.

Praxity Global Alliance said the Asia Pacific region continued its fast growth with an increase of almost 18% to $516m. Also, there was a significant 9.4% growth in the US and Canada to $2.7bn, and Europe grew 2.3% to $1.3 bn.

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