152 views
Photo from Freepik

iFast Corporation Q3 net profit jumps 97.3% YoY to $16.81m on strong revenue

Gross revenue for the period was $99.14m.

SGX-listed iFast Corporation saw its net profit soar by 97.3% YoY to $16.81m in Q3, driven by higher revenue.

In Q3, the company reported a 49.7% YoY higher gross revenue of $99.14m.

The company attributed the increase to iFAST Global Bank's (iGB) "encouraging progress."

In Q3, iGB's gross revenue soared by 139.9% YoY to $13.87m. It also cut losses by 61% YoY to $0.82m.

The company expects iGB to become an important growth driver in 2025 onwards.

With a higher net profit, iFast declared a 15.4% YoY higher dividend per share of $0.0150.
 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Food Innovators to serve up ‘anime’ diners in Singapore
CEO Kubota Yasuaki expects the city-state to become their gateway to other Asian countries.
Singapore push to preserve hawker culture in doubt
Foreigners may be averse to a difficult job in a food business that doesn’t pay well.
Quocia stirs social media buzz for SMEs
Its AI tool automates social media strategy, content creation, scheduling, and posting.