Thanks to a surge in assets under administration, iFAST Corp’s earnings for the 4QFY2020 ended Dec 31 was up 127.5% y-o-y to a quarterly record of $6.83 million. Revenue in the same period was up 41.6% y-o-y to $48.9 million.

For the whole of FY2020, the company reported earnings of $21.12 million, up 122.3% y-o-y, on the back of a 35.5% y-o-y growth in revenue to $169.3 million.

The company ended FY2020 with a record AUA of $14.45 billion, up 44.5% y-o-y. Net inflows of client assets registered a record of $3.16 billion in 2020. 

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