Local midsized companies continue to grow in revenue realization despite the tight economic times.

A survey conducted by KPMG an international advisory firm and monitor publication limited indicates that 85% of these companies have continued to hit the desired profits.

89% of these are started by traders using their own capital while 44%rely on loans from financial institutions.

Releasing the findings the KPMG manager for audit Richard Walusimbi however noted that there are still some challenges that continue to affect these companies.

The six months survey helps identify the fastest growing medium sized companies and acknowledge their contributions