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iFAST posts 46% increase in 4Q earnings to $2.6 mil

Stanislaus Jude Chan
Stanislaus Jude Chan2/20/2019 03:49 PM GMT+08  • 2 min read
iFAST posts 46% increase in 4Q earnings to $2.6 mil
SINGAPORE (Feb 20): iFAST Corporation saw its earnings jump 46.0% to $2.6 million for the 4Q18 ended December, from $1.8 million a year ago.
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SINGAPORE (Feb 20): iFAST Corporation saw its earnings jump 46.0% to $2.6 million for the 4Q18 ended December, from $1.8 million a year ago.

This brings full-year earnings for FY18 to $10.9 million, 41.7% higher than FY17 earnings of $7.7 million.

Net revenue rose 11.4% to $14.8 million in 4Q18, from $13.3 million a year ago. The increase was driven by higher net interest income arising from clients’ assets under administration (AUA) as well as Fintech Solution IT fees.

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