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iFast reports higher y-o-y net profit of $16.81 mil; group's AUA reaches 'record high' of $23.6 bil

Nicole Lim
Nicole Lim • 2 min read
iFast reports higher y-o-y net profit of $16.81 mil; group's AUA reaches 'record high' of $23.6 bil
The growth is on the back of the group’s ePension business and wealth management platform. It declared a dividend of 1.50 cents per share. Photo: iFast
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iFast Corporation has reported net profit of $16.81 million for the 3QFY2024 ended Sept 30, up 97.3% y-o-y.

The group’s profit before tax increased by 139.2% y-o-y to $64.31 million in the 9MFY2024 from $26.88 in 9MFY2023. 

This growth in profit is on the back of a 50.9% y-o-y increase in 3Q2024 non-banking net revenue, and a 76.7% y-o-y increase in 9MFY2024 non-banking net revenue, which was driven by a combination of two factors. 

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