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iFast Corp posts 1QFY2024 earnings of $14.5 mil, five times higher y-o-y

Bryan Wu
Bryan Wu • 2 min read
iFast Corp posts 1QFY2024 earnings of $14.5 mil, five times higher y-o-y
iFast's CEO Lim Chung Chun. Photo: Albert Chua/The Edge Singapore
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iFast Corporation (SGX:AIY) has reported total earnings of $14.5 million for the 1QFY2024 ended March 31, almost five times its earnings of $3.0 million for the corresponding period the year before.

Total revenue rose by 59.4% y-o-y to $86.0 million, driven by contributions from the group’s ePension division, as well as improvements in the group’s core wealth management platform business.

Earnings per share (EPS) for the 1QFY2024 came to 4.74 cents on a fully diluted basis, compared to the EPS of 0.99 cents in 1QFY2023.

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