iFast Q1 net profit rises to record S$8.82m on revenue growth
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
WEALTH management platform iFast Corporation posted a record net profit of S$8.82 million in the first quarter, almost 2.5 times the S$3.64 million in the year-ago period.
This comes on the back of a 51.4 per cent increase in net revenue, and a 43.8 per cent rise in gross revenue, iFast said in a quarterly financial update on Thursday. Net revenue went up to S$28.5 million for the three months ended March 31, 2021.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
