SINGAPORE (Feb 14): iFAST Corporation posted earnings of $2.5 million for 4Q ended Dec 2017, more than doubling from its earnings of $1.1 million a year ago on higher revenue.
This brings the group’s earnings for the full financial year to $9 million, up 65.9% from $5.4 million in FY16.
Revenue for the quarter grew 30.8% on-year to $28.2 million from $21.5 million previously, due mainly to the growth of the group’s business and Asset Under Administration (AUA) in both Business-to-Customer (B2C) and Business-to-Business (B2B) business divisions in the period, contributed by the group’s continuing efforts at strengthening its investment platforms in the various countries in the recent years.
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