Nexia International, the worldwide network of independent accounting and consulting firms, has reported its financial results for 2016 which show a 4% rise in total fee income, to hit $3.2bn (£2.58m)
Nexia says the increase in global revenue is a result of consistent growth across the network. The Asia Pacific region achieved significant growth of 35%, with China more than doubling its fee income over the course of the year. Nexia’s South American firms have also continued to thrive, resulting in a 19% increase in fee income. North and central America also reported strong increases in revenue, with 10% growth in the region.
Throughout 2016, Nexia International continued to expand its global presence by attracting 11 new member firms in Australia, Botswana, Canada, China, Curacao, El Salvador, New Zealand, Nicaragua, Somalia, Thailand and the Gambia.
Kevin Arnold, CEO of Nexia International, said: ‘Our commitment to our growth strategy of recruiting high-quality firms in key and emerging world markets, combined with the delivery of several internal initiatives have been critical to our success.
‘Furthermore, Nexia’s new brand, launched last year, has put the network in a good position to further exploit the global marketplace and we look forward to our member firms reaping the rewards.’
