ASX:PPSSoftware
Praemium (ASX:PPS) Shares Reflect Revenue Growth And Thinner Margins
Praemium walked into this result with the stock down about 10% over the past week and month, and trading at A$0.65, even as investors debated whether its rich P/E and platform story were still worth backing. The headline from these earnings is margin pressure. Net profit margin over the past 12 months sat at 5.7% compared with 13.2% a year earlier, as a A$9.3m one off loss cut into reported profit and left the dividend only weakly covered by free cash flow.
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