Total revenue rose 59.4% y-o-y to $86.0 million, driven by contributions from the group’s ePension division in Hong Kong, as well as improvements in the group’s core wealth management platform business.
The growth upswing of iFast Corporation appears to have gained traction. This time last year, the wealth management platform operator posted earnings of $2.98 million for 1QFY2023 ended March 31, 2023, down 48.1% y-o-y.
A year on, iFast has bounced back to 1QFY2022 levels — and higher. On April 25, the mainboard-listed company posted earnings of $14.5 million for 1QFY2024, nearly five times higher y-o-y.
