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Australian financial tech firm Praemium Ltd. saw a 23% share surge after reporting a 12% revenue increase to $84.9M for FY24, despite a 42% net profit decline.
Praemium Ltd., an Australian financial technology firm, experienced a 23% share surge after reporting a 12% increase in revenue to $84.9M for FY24.
Despite a 42% decline in net profit year-on-year, FUA grew by 30% to $57.4B.
The company plans to launch its next-gen IDPS in Oct 2024, acquire OneVue platform, and migrate clients to Praemium solutions, aiming for $3M in synergies.
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La empresa australiana de tecnología financiera Praemium Ltd. registró un aumento del 23% en las acciones después de informar un aumento del 12% en los ingresos a $ 84.9M para el año fiscal 24, a pesar de una disminución del 42% en las ganancias netas.