Australia's Perpetual falls on lower assets under management

Perpetual

24/07/2024 02:02

** Shares of Perpetual  PPT.AX  fall as much as 3.7% to
A$21.900, set to drop the most since May 8 - if current losses
hold
    ** Financial services co says its total assets under
management (AUM) stood at A$215.0 bln ($142.09 billion) as of
June 30, compared with A$227.4 bln as of March 31 
    ** Co expects FY24 expense growth to be at the lower end of
its previous guidance range of 32%-34% growth
    ** Stock hits its lowest level since July 11
    ** Stock down 10.7% this year, as of last close

($1 = 1.5131 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))