Australia's Fiducian Group rises on annual revenue, FUM jump

Fiducian

14/08/2023 01:59

** Shares of Australia's Fiducian Group  FID.AX  rise as
much as 2.4% to A$6.05, best day since Aug. 2 if gains hold
    ** Co posts 6% rise in net revenue to A$54.5 million 
($35.34 million) for the year
    ** The company's funds under management (FUM) also rose to
A$4.60 billion as at July end, an increase of 12% over the
company's average in FY23
    ** Stock has fallen 11.3% this year as of last close
    
($1 = 1.5420 Australian dollars)

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))