iFAST says the spike in AUA was supported by its continuing efforts to broaden the range and depth of its investment products and services in the recent years, besides benefiting from improved market sentiment from 2H16.
SINGAPORE (April 28): iFAST Corporation, the investment and funds platform, has announced earnings of $2 million for the first quarter ended March 31, nearly doubling from the $1.2 million it posted in 1Q16 on higher revenue after achieving record high assets under administration (AUA).
Group revenue grew 18.3% to $22.1 million from $18.7 million a year ago, mainly due to the growth of the group’s business and AUA in the quarter.
