An update from Praemium Ltd ( (AU:PPS) ) is now available.
Praemium Ltd reported a significant financial performance for the half-year ending December 2024, with a 32% increase in revenue and a 43% rise in EBITDA. The company’s strategic initiatives, including the acquisition of OneVue and the launch of the Spectrum IDPS service, have contributed to its growth, despite increased expenses. The company has also announced a fully franked dividend and completed a share buy-back, reflecting its commitment to shareholder returns.
More about Praemium Ltd
Praemium Ltd is a financial services company based in Melbourne, Australia, specializing in investment platforms and portfolio administration services. The company focuses on providing innovative solutions for financial advisers, investment managers, and institutions, with a strong emphasis on technology-driven offerings.
YTD Price Performance: 13.61%
Average Trading Volume: 999,155
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$398.9M
For a thorough assessment of PPS stock, go to TipRanks’ Stock Analysis page.