Alliance tracks ahead of forecasts
Perth-based premium funder Alliance Finance Corporation says it’s tracking well ahead of its forecasts for business growth. Alliance listed on the ASX in June and according to MD Martin Kane the past two months have been the best on record..
“The company is on track to write loans of $130 million for the new financial year, up from $80 million in 2001-2002,” Mr Kane said. June and July delivered 25% of the full year’s lending budget.
“Alliance is now well positioned to grow its distribution and agency businesses in the larger markets in the eastern states,” Mr Kane said.