A majority of board members and business leaders from Tampa, Orlando and Jacksonville are even more optimistic on profitability over the next year, compared to six months ago, according to the Audit Committee Institute of KPMG LLP .
Nearly 80 percent of those surveyed expect profits to increase in 2012, with 18 percent expecting a significant increase and 61 percent expecting a moderate increase. This is somewhat higher than the findings from a poll taken by KPMG in June, when 70 percent expected improved profits in the next year, with 16 percent expecting a significant increase and 54 percent expecting a moderate increase.
The data was collected during a meeting hosted by the ACI and attended by more than 40 board directors and business leaders from Orlando, Tampa and Jacksonville-area companies, a written statement said.
On hiring plans, respondents were less optimistic than they were six months ago: 40 percent of respondents plan to increase head count over the next six months, while 40 percent said they plan to maintain current head count, both down from a respective 44 percent and 46 percent from the June survey. Additionally, 17 percent said they plan head count reductions, up from just 3 percent six months ago.
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via KPMG 2012 outlook: profits strong, hiring weaker – Tampa Bay Business Journal.