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iFAST 2Q earnings nearly double to $2.2 mil with stronger platforms, market sentiment turning positive

PC Lee
PC Lee7/28/2017 7:44 AM GMT+08  • 2 min read
iFAST 2Q earnings nearly double to $2.2 mil with stronger platforms, market sentiment turning positive
SINGAPORE (July 28): iFAST Corp reported 2Q17 earnings nearly doubled to $2.21 million from a year ago, coming on the back of a 23.4% rise in revenue to $11.95 million.
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SINGAPORE (July 28): iFAST Corp reported 2Q17 earnings nearly doubled to $2.21 million from a year ago, coming on the back of a 23.4% rise in revenue to $11.95 million.

For the 1H17, earnings rose 76.1% to $4.22 million from a year ago while revenue increased 21.5% to $23.12 million.

iFAST says the improvements resulted from the group’s continuing efforts at strengthening its investment platforms in the various markets. Market sentiment continued to be positive during 2Q17, boosting sales in the various investment products distributed in the Group.

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