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DHV reports improved net profit for 2011-2012

AMERSFOORT, The Netherlands 4/10/12 (PennWell) -- International consulting and engineering firm DHV Group has recorded a "strong improvement of financial results" for 2011, the company says in its annual report.

DHV says it had revenue of nearly US$558 million, which constitutes a net profit of about $9.6 million for 2011.

The company announced its plan to merge with Royal Haskoning in March -- a move that has been met with "overwhelmingly positive reactions from clients, staff and other stakeholders."

That merger is still expected to be formalized mid-2012.

DHV works primarily in the fields of water and transportation and has a staff of 4,300 in 70 offices.


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