Turnover
Turnover in third quarter 2001 increased by 16% compared to third quarter in 2000. In comparison to the second quarter 2001 turnover increased by 2%. This limited growth is seasonal; third quarter contains holiday months July and August. 5% of total turnover has been realised by Dutch branches that started operations after 1 January 2000. 2% of the result has been realised by branches abroad (that started operations after 1 January 2000).
Net profit
Net profit in third quarter increased by 5% compared to net profit in third quarter 2000. This is mainly caused by further investments abroad (opening London). The branches abroad are loss making for the time being: EUR 690,000 in the first nine months. During the rest of the year, DPA will achieve a negative result of approximately EUR 210,000 in both existing and new foreign branches.
Outlook
Despite the insecure general economic outlook, management maintains the expectation, as pronounced at the presentation of the 2000 annual results, that in comparison to last year turnover will increase significantly, while net profit will increase strongly in the year 2001.
At 1 November, DPA officially opened a new branch in Brussels.
For full report with tables see Attachment
Press Release Q3.doc
About DPA
DPA is a highly specialized, independent operator in secondment of financial and accounting professionals and interim-management throughout the entire financial community. DPA seconds financial and accounting professionals such as controllers, financial directors and (salary) accountants.
DPA, founded in 1990, is listed since March 1999 at EURONEXT Amsterdam (symbol: DPA)