Praemium (ASX:PPS) expects smaller losses in FY10

Praemium (ASX:PPS) expects smaller losses in FY10

Online financial services provider Praemium (ASX:PPS) has revealed it is expecting to have shrank its losses 47.6% in FY10.

Unaudited results indicate a loss of $5.7 million for the financial year, Praemium said.

Revenue grew to $12.1 million, compared with $8.9 million in FY09, and ebitda improved 53% to a $5.6 million loss.

PPS shares have fallen 6.06% to $0.155 since Praemium made the announcement.

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Tags financial resultsPraemiumASX:PPS

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