Praemium Ltd Growing Global FUA performance
Growing Global FUA performance: Praemium Ltd (ASX: PPS) stock surged over 5.95% on February 15, 2017 owing to positive sentiments. The group reported a solid half year FY17 EBITDA rise of 39% year on year (yoy) to $2.6 million. PPS delivered a revenue and other income growth of 16% yoy to $17.2 million, during the period. The group delivered this strong performance for the sixth consecutive half of profit improvement. The group’s Australian EBITDA reached $4.6 million, while EBITDA margins were 41%. On the other hand, UK’s EBITDA loss fell 34% to $0.7 million while Asia’s EBITDA was cut by 31% to $0.8 million. Meanwhile, the group’s Global FUA enhanced 29% to $5.4 billion as of December 31, 2016, driven by the group’s product development, sales distribution and implementation.
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