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.

August 26, 2024
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