Australia's Praemium rises most in 5 months after HY profit

Praemium

27/02/2023 04:06

** Shares of Praemium Ltd  PPS.AX  rise as much as 11.6% to
A$0.815, their biggest intraday pct gain since Aug. 31
    ** Investment management platform provider reports HY net
profit after tax of A$9.1 mln ($6.11 mln) compared with a loss
of A$2.6 mln a year earlier 
    ** Posts HY revenue and other income at A$36.0 mln compared
with A$38.4 mln last year
    ** Stock posts its highest since Jan. 9 
    ** More than 3.3 mln shares change hands, vs 30-day average
volume of 763,000 shares
    ** Stock has fallen 8.8% this year, as of last close
    
  


($1 = 1.4905 Australian dollars)

 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@Thomsonreuters.com))