The board of Centrepoint Alliance has received a draft actuarial report indicating an increase in the client claims provision for its subsidiary PIS.
“Once the actuarial report is finalised and audited the Board believes the increased liability will impact reported profit and net assets by between $3 million to $5 million as at 30 June 2013,” said Centrepoint Alliance in an ASX statement.
The financial results for Centrepoint Alliance will be announced on 30 August 2013.
