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Centrepoint Alliance confident despite loss

Centrepoint Alliance has posted a net loss of $30.4 million for the financial year to June 30 compared to a loss of $9.5 million the previous year.

The premium funder says the past financial year has been difficult, with significant restructuring, consequential costs and a writedown of goodwill and intangibles.

But the company is confident about the year ahead, with a return to profitability and stability already. It says in a statement its July results were ahead of budget projections.

Centrepoint is now looking to future organic growth and identifying appropriate merger and acquisition opportunities.