Australia's investment management co Praemium dips on lower FY net inflows
18/07/2023 05:01
** Shares of Praemium Ltd PPS.AX fall as much as 3.31% to
A$0.585
** The investment management platform provider says from
financial year to June 2023 recorded net inflows of A$1.36 bln
($930.25 mln) compared to A$2.94 bln last year
** Adds quarterly platform inflows for June qtr A$122 mln
compared to A$223 mln in March qtr
** Shares fell even as total funds under administration for
year till 30 June were A$44.0 bln, up 9% on pcp
** Stock has fallen 24.4% this year, as of last close
($1 = 1.4641 Australian dollars)
(Reporting by Jaskiran Singh in Bengaluru)
((Jaskiran.Singh@thomsonreuters.com;))