Praemium experiences strong half – Monetary Newswire | Australian Markets
Nonetheless within the course of of bedding down its acquisition of OneVue, platform business OneVue has posted a 45% elevate in statutory first half internet revenue after tax to $5.8 million.
The elevate in revenue got here off the back of a 32% increase in income and different income of $52.3 million with OneVue including $6 million in income.
Commenting on the outcome, Praemium chief govt, Anthony Wamsteker stated it mirrored a continuation of the momentum constructed by the 2024 financial yr.
“We greatly improved our organic growth, repriced our core SMA to reflect its top tier position, rebounded from the impact of adviser exits, launched a market leading IDPS with Spectrum, restructured operations offshore and returned earnings to shareholders,” he stated.
In its investor briefing, Praemium stated the OneVue integration is monitoring to plan and signalled additional acquisition alternatives.
It stated a number of information are open on new alternatives, describing them as being in the identical line of business and or possessing “related and synergistic adviser desktop applications”
The administrators declared a $0.01 dividend, absolutely franked.
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