12.7% profit decline in Asia-Pacific PwC due to China, Australia scandals, including Evergrande.

PwC reported a 12.7% profit decline in the Asia-Pacific region for the fiscal year ending June 30, 2024, due to scandals in China and Australia. The loss stemmed from a fraud concealment scandal involving Evergrande in China, resulting in a fine and license suspension. Despite these challenges, global revenues reached a record $55.4 billion, marking a 3.7% increase, with overall profits rising by 1%.

October 29, 2024
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