Australia's Praemium rises after quarterly update
17/10/2022 04:48
** Shares of Australia's Praemium PPS.AX rise as much as
2.2% to A$0.71, their highest since Oct. 10
** The investment management platform provider provides an
update for the quarter ended Sept. 30 urn:newsml:reuters.com:*:nASXMWctk
** Posts total funds under management of A$41.4 billion
($25.80 billion), up 2% from prior quarter
** Says quarterly net inflows of A$659 million, up 115% from
prior quarter
** Stock has fallen 49% this year, as of last close
($1 = 1.6044 Australian dollars)
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com;))