NetScientific "well positioned for growth" when venture capital market turns | News Direct

NetScientific "well positioned for growth" when venture capital market turns

NetScientific PLC
News release by NetScientific PLC

facebook icon linkedin icon twitter icon pinterest icon email icon London, UK | October 04, 2023 04:17 AM Eastern Daylight Time

 

NetScientific PLC (AIM:NSCI) CEO Dr Ilian Iliev speaks to Thomas Warner from Proactive after the investment and commercialisation group published its interim results for the six months ended 30 June 2023.

Dr Iliev provides some context for the half-year results, saying that the company has been working hard and focusing on executing its strategy in what has been a "difficult period" for venture capital. He goes on to give an overview of the half-year results, saying that he's "happy to report strong progress in the first half of the year" and highlighting the realisation of "roughly £800,000 in profitable partial exists from the portfolio" during the period.

He addresses how the challenges affecting the wider venture capital sector are playing out at NetScientific and expresses confidence in what the company calls its "evergreen" strategy, saying that its "well positioned for growth when inevitably the cycle turns around... we are not venture capital tourists - this is what we do on a daily basis and we are positioning ourselves for the inevitable turnaround."

 

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Proactive UK Ltd

 

+44 20 7989 0813

 

uk@proactiveinvestors.com