Insurance distributor Vector inc. is reporting a continued improving trend for the second quarter ended June 30. The company says operating results for the six months ended June 30, 2001 were the best in the company’s history and operating margins continue to improve.

Earnings before interest, taxes, and amortization for the six months were $732,164, or 3¢ per share, a significant improvement over 2000 of $425,722, or 4¢ per share.

Revenue for the six months ending June 30 was $6 million, compared to $6.8 million for the same period in 2000. Revenues, although lower for the first six months than in 2000, have stabilized in the last month.

The net loss for the first six months was $710,761, or 6¢ loss per share, in 2001 compared to a loss of $1,268,806, or 14¢ loss per share in 2000.

The company operates 11leven offices in four provinces, and distributes insurance products and services through various channels, including the Internet.