Praemium (ASX:PPS) aims to be cashflow positive in 2H11

Praemium (ASX:PPS) aims to be cashflow positive in 2H11

Online financial services company Praemium (ASX:PPS) hopes to become operating cashflow positive in 2H11.

In an investor presentation, the company said its unaudited FY10 revenue had grown 33% to $11.9 million.

Praemium's online financial portfolio administration and SMA technology administers to over $38.9 billion worth of assets.

The company provides services to some 500 financial institutions and intermediaries.

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Tags Financial Servicescash flowPraemiumGuidanceASX:PPS

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