Praemium continues to grow
Portfolio administration service, Praemium has reported a 15 per cent increase in revenue for the June quarter, despite a decline in cash receipts.
In a report issued on the Australian Stock Exchange today, Praemium said June quarter revenue had increased to $1,337 million, albeit that receipts had declined from $1,133 million in the March quarter to $1,054 million for the June period.
It said that funds under administration in its V-wrap had grown to $24.1 billion in the June quarter, up from $20.3 billion in the previous quarter.
AUTHOR
Mike Taylor
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