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Article: DCAP Group Reports Record Results for 2004.
- Article from:
- Business Wire
- Article date:
- March 30, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HEWLETT, N.Y. -- DCAP Group, Inc. (NASDAQ: DCAP), the largest chain of independent storefront insurance agencies in the Northeast, today reported record net income for the full year 2004 of $1,374,364 (or $0.44 per diluted share) vs. $1,289,803 in 2003 (or $0.44 per diluted share). While revenues grew by 74% and pretax income grew by 37%, income taxes are now being provided for as the Company has substantially utilized its available net operating loss carryforward.
Key Events During 2004
-- Premium finance credit line increased to $25m from $18m
(December 2004)
-- Common shares began trading on NASDAQ Small Cap Market
(October 7, ...