Mazars, the integrated and independent international organisation specialised in auditing, consulting, accounting, taxation and legal services, has announced a total income of €1.5 billion for the 2016-2017 financial year, up by 12.8 per cent from the previous year. This increase reflects an organic growth of 5.4 per cent and an external growth of seven per cent.

In particular, the group has benefited from the full-year impact of the integration of the Chinese firm ZhongShen ZhongHuan, which took place at the end of 2015. Over the course of the year 2016-2017, the group expanded into new countries and territories, such as Bulgaria, Cyprus, Kosovo, Mozambique, and Tanzania; it also strengthened its presence in Sweden.

Philippe Castagnac, chairman of the Mazars group executive board, said: “The faster pace of growth recorded in 2016-2017 affirms the strong momentum that Mazars has been enjoying for several years. It also reflects our ambition to be recognised as a leading international organisation. The recent expansion of our operations further strengthens our skills as well as our capacity to serve our clients across the globe.”

Anthony Attard, managing partner of Mazars in Malta, said: “This news of Mazars’ continued growth, coupled with Mazars’ success in China and in other markets where the brand is leaving its mark, underlines the ever-expanding range and scope of the services that Mazars in Malta can offer its clients. As a fully integrated member of the Mazars Group, we are in a position to draw invaluable experience and resources from around the world.  I am certain that our clients will greatly benefit from the strategic international developments announced by Mazars.”