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.