Deloitte Perth full-year revenue up 28%

The Perth arm of accounting firm Deloitte has expanded with six employees promoted to partners as net revenue rises by 28 per cent for the 2009 financial year.

Deloitte Perth office managing partner Keith Jones said the WA office had grown across all divisions and was a significant contributor to the firm's national growth.

Revenue for Deloitte Australia rose 11 per cent to $854 million for fiscal 2009.

Further details of the story and the accounting sector in Perth have been published in this week's subscriber edition of WA Business News. The link below will take you directly to the article.

http://www.wabusinessnews.com.au/story/1/73639/Accountants-bulk-up-during-downturn

The announcement is below:

Leading professional services firm Deloitte has bucked the general market trend during its 2008/09 financial year, with the Perth office delivering a 28% net increase in revenue. To support the continued growth, Deloitte has appointed six new partners in its Perth office.

Deloitte Perth Office Managing Partner Keith Jones said the Organisation's WA office had grown across all divisions, and was a significant contributor to Deloitte Australia's growth. Nationally, Deloitte grew its revenue for the year ended May 31 2009 by 11% to AU$854 million.

Mr Jones said growth was achieved despite a turbulent market, and was driven by a proactive approach to assisting businesses respond quickly to market conditions.

"Deloitte has been actively working with clients to help manage their businesses during volatile times. This has included innovative approaches to cost management and performance, and ensuring they are well positioned to manage the business out of the turbulence and capitalise on improving conditions," Mr Jones said.

"In the past twelve months, we have seen particularly strong growth in our corporate reorganisation business. Many organisations have used the recent market conditions to review and optimise business, finance and tax structures, as well as pursuing merger, acquisition and reorganisation opportunities," he said.

He also said a key plank in the strong growth within the WA office was ongoing strength and activity in the resources and energy sectors. He said Deloitte expects the growth to continue.

"We are continuing to receive strong business interest in China, and believe that the WA resources industry is well positioned to capitalise on these opportunities. With our specialist expertise in managing foreign investment for the resources and mining industry, and our strong links and understanding of the Chinese market, Deloitte is well positioned to drive this ongoing development."

Mr Jones said the new partner appointments bolstered the Company's service offering, particularly in the corporate reorganisation and tax, where Deloitte has seen a considerable growth in its business.

"The new appointments reflect our continued growth, and our view that there are significant opportunities and improving business conditions in the medium term," Mr Jones said.

"We are very pleased to have four new partners in the Perth office commencing from the start of the 2009/10 financial year, with another two partners to commence in the coming two months. They will add considerable experience in targeted areas, and will mean Deloitte WA is providing a new level of service to our current and new client base," he said.