BDO has posted the first UK results since completion of the merger with mid-tier PKF in April 2013, highlighting organic and post-merger growth as fee income grew 10% year on year. The firm saw income increase 9.3% to £312m in 2012-13, up £29m on the previous year. The figures for 2012-13 include nine months of BDO LLP's financials and three of the combined firms post-merger based on a 5 July year end. Reflecting an upturn in confidence, BDO reported underlying operating profit up by 6% to £55m from £53.1 m. But average profit per equity partner was flat at £240,000. The firm now has 300 partners, up 100 since the merger.
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