Halo Companies, which provides services for distressed assets, announced profitable fourth quarter results, with revenue of $3.2 million, an increase of 188 per cent, and net income of $461,000 for the quarter ended 31 December 2011.
Cade Thompson, chief executive officer stated: "The past two years have been a period of transition as we shifted our core business from a consumer financial services company to a distressed asset services company. A large part of the fourth quarter success is due to growth in the distressed asset verticals, primarily asset management and portfolio advisory services, indicating the completion of that transition."
Halo Companies is a publicly-traded, nationwide distressed asset services company, providing technology-driven asset management, portfolio analytics, acquisition, repositioning and liquidation strategies for the private investment and mortgage servicing industry.
.jpg)