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Platinum Asset Management Projects Turnaround Costs for H1 2024

Story Highlights
  • Platinum Asset Management expects turnaround costs of $9.5m to $10m for Dec 2024.
  • The company continues efforts to optimize operations, with further details pending in results.
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Platinum Asset Management Projects Turnaround Costs for H1 2024

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Platinum Asset Management Ltd ( (AU:PTM) ) just unveiled an announcement.

Platinum Asset Management Limited announced that it expects its turnaround program implementation costs for the December 2024 half year to range between $9.5 million and $10 million before tax. This announcement reflects the company’s ongoing efforts to manage its operations and improve business performance, with further details to be disclosed in the upcoming half-year results.

More about Platinum Asset Management Ltd

Platinum Asset Management Limited is a company in the financial industry, primarily offering asset management services. It focuses on managing funds and providing investment solutions to its clients.

YTD Price Performance: 11.50%

Average Trading Volume: 17,303

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €263.5M

See more data about PTM stock on TipRanks’ Stock Analysis page.

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