As at Sept 30, iFast’s assets under administration (AUA) declined 3.9% q-o-q and 7.6% y-o-y to $16.98 billion as a result of sharp declines in most equity and bond markets, as well as the company’s decision to exit the onshore platform service business in India.
After a loss-making 2QFY2022, iFast Corporation has reported net profit of $2.08 million in its 3QFY2022 ended September, a 72.6% decrease y-o-y amid challenging market environment.
This translates to an earnings per share of 71 cents for the period, down from the 2.74 recorded in 3QFY2021.
