iFast Corporation Net Profit Up 15.1% to S$12.10 Million; Latest Investor Presentation

18th February 2016

The Group recorded healthy growth in net profit and net revenue which grew 15.1% and 13.2% YoY respectively, while AUA grew 5.2% YoY to S$5.64 billion

• Net profit rose 15.1% YoY in FY2015 to S$12.10 million, but declined 1.2% YoY in 4Q2015 to S$2.86 million (excluding IPO expenses of S$1.95 million in FY2014 and 4Q2014)
• Net profit rose 41.3% YoY in FY2015 and 201.7% in 4Q2015 (including IPO expenses of S$1.95 million in FY2014 and 4Q2014)
• Net revenue rose 13.2% YoY in FY2015 to S$41.53 million and 8.5% YoY in 4Q2015 to S$10.6 million
• AUA, a key indicator of the Group’s business performance, roe 5.2% YoY and 4.2% QoQ to S$5.64 billion
• The Group intends to have a soft launch of its China business in March 2016
• In China, for the B2C business, the Group expects to have partnerships with local Chinese entities that already have a well-established online client base, while for the B2B business, an important part of the strategy involves a ‘platform-cum-IFA incubator’ strategy
• In 2016, the Group’s Dividend Guidance is :”For FY2016, our Directors intend to recommend and distribute dividends of 60% of our Group’s net profit (excluding our China operation, and exceptional items)

To read the full announcement, please click here.

To view the Results Presentation and Financial Statements Announcement, please download the files below.