Brief: IFast Corporation Says FY Net Profit Increased By 340.0% YoY To S$28.3 Mln

iFAST

21/02/2024 14:50

Feb 21 (Reuters) - IFAST Corporation Ltd  IFAS.SI :
    * FY NET PROFIT INCREASED BY 340.0% YOY TO S$28.3 MILLION
    * ASSETS UNDER ADMINISTRATION GREW 13.8% TO REACH S$19.83
BILLION
AS AT 31 DEC
    * EXPECTS IFAST GLOBAL BANK TO POST A REDUCED LOSS IN 2024
    * PROPOSED FINAL DIVIDEND OF 1.40 SG CENTS PER SHARE
    * 22.8% INCREASE IN GROUP'S TOTAL REVENUE TO S$256.5 MILLION
FOR
FY
    * EXPECTS 2024 TO SEE ROBUST GROWTH RATES IN REVENUES AND
PROFITABILITY
    * IFAST GLOBAL BANK IS EXPECTED TO BECOME AN IMPORTANT
GROWTH
DRIVER FOR GROUP IN 2025 AND BEYOND
    * TARGET TO ACHIEVE NET REVENUE OF OVER HKD280 MILLION IN
2023
    * IFAST CORPORATION LTD SEES IFAST GLOBAL BANK TO POST
REDUCED
LOSS IN 2024 VERSUS 2023
    * TARGET TO ACHIEVE NET REVENUE OF MORE THAN HKD650 MILLION
IN
2024
    * TARGET TO ACHIEVE PBT OF OVER HKD250 MILLION IN 2024

Source text for Eikon:  ID:nSN9yF95s 
Further company coverage:  IFAS.SI 

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