Prime Financial Group Limited (AU:PFG) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Prime Financial Group Ltd reported a solid performance for FY24, with a revenue increase of 21% to $40.8 million and an 18% rise in underlying EBITDA to $10.2 million, driven by strong growth in Wealth and Business segments and positive impacts from recent acquisitions. The company successfully integrated Altor and EPM into its ‘OneConnected’ model, enhancing cross-referral capabilities and client services. Looking forward, Prime is on track to achieve its ambitious revenue goals of $50 million in FY25 and aims to double that within the following 3-5 years.
For further insights into AU:PFG stock, check out TipRanks’ Stock Analysis page.