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Newly merged Royal HaskoningDHV shows profit through first half of 2012

The recently formed company Royal HaskoningDHV has shown an increased profitability and net result through the first half of 2012, HydroWorld.com has learned.

The company -- which provides project management, engineering and consultancy services -- was created by a merger of Royal Haskoning and DHV Group that became official in July.

Royal HaskoningDHV says both former companies contributed equally to an operating profit (EBITA) over the first six months of 2012 of about US$17.46 million, which represents a 9% increase in net result from the same period in 2011.

Revenues of $454.85 million marked a 10% decrease, although the company says 4% of that was do to the divestment of a Canadian subsidiary. The remaining 6% is being attributed to "economic circumstance."

HydroWorld.com reported before the merger in March that DHV's revenue had increased by a net profit of about $9.6 million through 2011.


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