News ECA Nexia
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News ECA |
Nexia International announces financial results showing 4% rise in revenue
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Nexia International (Nexia) is delighted to report its financial results for 2016, which show total fee income of more than US$3.2bn – an increase of 4% on 2015.
According to the latest International Accounting Bulletin (IAB) World Survey, the network remains among the top 10 major global accounting networks, as measured by fee income.
This 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 for the region. North & 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: “This reported increase in revenue is great news and shows that the network continues to go from strength to strength.
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.”