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iFAST reports doubling of 4Q earnings to $2.5 mil on higher revenue

Michelle Zhu
Michelle Zhu2/14/2018 07:28 AM GMT+08  • 3 min read
iFAST reports doubling of 4Q earnings to $2.5 mil on higher revenue
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.
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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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