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iFast Jumps 2.88% as Q4 Net Profit Soars 46.3% to S$19.3 Million

TigerNews SG
02-13

IFAST ,the digital bank and wealth management platform, reported a 46.3% increase in net profit to SGD 19.3 million for the fourth quarter ending December 31, 2024.

Revenue for the same period rose by 16.4% to SGD 90 million, driven by improvements in the group's core wealth management platform business and a turnaround in its banking operations, iFast Global Bank.

Prior to the announcement, iFast's stock price closed up by 1.5%, or SGD 0.11, to SGD 7.65 on Wednesday.

iFast has jumped 2.88% today, Feb 13th.

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