Half-yearly results for the six month period ended 30 June 2013
Insetco plc ("Insetco" or the "Company"), a company specialising in the arranging and structuring of securitised products based on senior life settlement policies, is pleased to announce its half-yearly report for the six month period ended 30 June 2013.
Following the conversion and varying of the terms of the loan notes towards the end of 2012, the company has continued its restructuring process which has continued throughout the six months under review. During this period, the Company has significantly reduced its cost base whilst bringing in new skills and expertise to the Board, particularly in the area of business development, which will help build a firmer foundation for the business.
The Board continues to explore a number of new business opportunities, and believes the Company is now in a better position for growth in the period ahead particularly as stability and confidence seems to be returning to the financial services market.
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