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Showing 131 - 140 of 243 results for "EBITDA"

HUB24 reports record results

ALLY SELBY  |  TUESDAY, 25 AUG 2020
... reported that its revenue had lifted 37% compared to the previous financial year, to hit $74.3 million, while the underlying EBITDA for the group lifted 60% to $24.7 million. HUB24 had $18.5 billion in funds under administration as of August 21, with ...

Xero acquires business lender

ALLY SELBY  |  TUESDAY, 25 AUG 2020
... the acquisition, as well as its integration and operating costs, will have minimal impact on the software company's FY21 EBITDA. Headquartered in Sydney, Waddle has been a Xero ecosystem partner since 2016 and will continue to offer services to customers ...

Praemium shows growth in crisis

ELIZA BAVIN  |  FRIDAY, 14 AUG 2020
... funds under administration to $20.3 billion, a 14% increase in revenue to $51.2 million and a 25% increase in underlying EBITDA to $14.2 million. Praemium said it had record gross platform inflows of $3.3 billion, a 9% rise, and it posted a net profit ...

Class announces $4.2m acquisition

ELIZA BAVIN  |  THURSDAY, 13 AUG 2020
... revenue and other income of $44.1 million. Annualised recurring revenue was up 22% to $46.8 million as at June 30, and EBITDA was up 1% to $18.2 million. Class declared a final, fully franked, dividend of 2.5 cents per share. "Class has successfully ...

Powerwrap to merge with Praemium

KANIKA SOOD  |  THURSDAY, 9 JUL 2020
... merger adds increased scale and significant synergies," Lewin said with the company adding it expects to achieve full year EBITDA operating cost synergies (on a preliminary basis) to total $6 million by FY2022. Praemium's virtual managed accounts ...

Sequoia acquires advice firm

ALLY SELBY  |  WEDNESDAY, 8 JUL 2020
... company is able to absorb these portfolios without significant additional expense, making a strong contribution to our EBITDA," the company said. TCA is a corporate authorised representative of Sequoia Group and has generated an average of $800,000 in ...

Sequoia to acquire wealth group

KANIKA SOOD  |  MONDAY, 1 JUN 2020
... about $1 billion in funds under advice. In revenue terms, it translates to an additional $4 million of gross revenue and EBITDA of 400,000 in FY21, SEQ estimates. Sequoia will fund the transaction through existing cash reserves and the assumption by ...

IFM Investors ready to ramp up corporate lending

KANIKA SOOD  |  FRIDAY, 22 MAY 2020
... (via corporate bonds, private placements and institutional loans) to mid-market companies with $15 million to $20 million EBITDA that generally are privately owned. In 2017, IFM joined forces with AustralianSuper to lend $150 million in long-term debt ...

Warren Buffett allegedly conned by German company

KANIKA SOOD  |  THURSDAY, 21 MAY 2020
... fake invoices and orders, according to the Guardian story which cites German newspaper Handelsblatt. The effect was the EBITDA of the German manufacturer, and hence its acquisition value, were wildly inflated. Buffett's Precision Castparts Corp pursued ...

Chant West takes Zenith acquisition to court

KANIKA SOOD  |  MONDAY, 6 APR 2020
... adverse impact" from the market environment. Chant West contested Zenith and Five V Capital's claims, citing its positive EBITDA for first half of FY20 and positive outlook for the second half EBITDA. This morning, Chant West said it filed proceedings ...