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Article: DCAP Group Reports Results for 2006.(Financial report)
- Article from:
- Business Wire
- Article date:
- March 28, 2007
CopyrightCOPYRIGHT 2007 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 net income for the full year 2006 of $508,385 (or $0.17 per diluted share) vs. $495,760 in 2005 (or $0.17 per diluted share). Revenues declined by $.93 million, or 7.8, while pretax income increased to $924,337, up 2.5 from 2005.
Key Events During 2006
* Commenced Internet marketing efforts
* Acquired the Surplus Notes of Commercial Mutual Insurance Company
* Acquired the chain, Accurate Agency, of Rochester, New York
Year in Review
"Calendar year 2006 was all about ...