Investment platform developer, Praemium Ltd (ASX: PPS), has announced a net profit rose by $800,000 in the 2016 financial year.
This is an improvement because the company posted a net loss of $2.1 million in the same period last year.
The company says it achieved revenue growth of 27% to $28.4 million.
Praemium also says its earnings before interest and tax soared 72% to $3.8 million. Last year, it was a lower figure of $2.2 million.
