Prime Financial Group Says Altor Achieves Earnings Target, Shares Up 4%

MT Newswires Live

2025/02/07

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.

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It acquired the alternative asset fund manager on Feb. 12, 2024, the filing said.</p><p>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.</p><p>Prime's shares rose 4% in recent trading on Friday.</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PFG.AU","symbol_name":"PRIME FINANCIAL GROUP LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2509575474","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2509575474","pubTimestamp":1738900648,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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