iFast's Attributable Profit Jumps 31% in Q1; Shares Slump 11%

MT Newswires

04-28

iFast's (SGX:AIY) profit attributable to owners jumped 31% during the first quarter of the year to SG$19.0 million from SG$14.5 million a year earlier, according to a Friday filing with the Singapore Exchange.

Earnings per share rose to SG$0.0619 compared with SG$0.0474 in the comparable period.

Revenue was up 16% year over year to SG$91.6 million from SG$78.8 million, as the company improved the range and depth of its products and services.

The company declared an interim cash dividend of SG$0.0160 for the period.

Shares of the global digital banking and wealth management platform slumped over 11% in recent trade.

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