Prime Financial Group (ASX:PFG) said Altor Capital achieved maintainable earnings before interest, tax, depreciation, and amortization in the first year of Prime's ownership of the firm, according to a Friday Australian bourse filing.
Altor had up to three years to achieve the EBITDA target, which was achieved in a year. It acquired the alternative asset fund manager on Feb. 12, 2024, the filing said.
Prime added that it has a nonbinding indicative offer signed for a firm operating in the wealth business. It plans to make more acquisitions that add increased capabilities and scale to the firm.
Prime's shares rose 4% in recent trading on Friday.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。