iFast Corp's Attributable Profit Jumps 43% in Q1; Shares Down 5%

MT Newswires04-24

IFast Corp.'s (SGX:AIY) net profit attributable to owners surged 47% during the first quarter of the year to SG$28.0 million from SG$19.0 million a year earlier, according to a Thursday filing with the Singapore Exchange.

Shares of the payment solutions provider were down nearly 5% in Friday trading.

Earnings per share came in at SG$0.0906 compared with SG$0.0619 in the year-ago period.

Total revenue climbed 45% year over year to SG$154.5 million from SG$106.9 million, backed by strong growth in the ePension division.

The company declared an interim cash dividend of SG$0.025 per share, up from SG$0.016 per share a year earlier. The dividend will be paid on June 11.

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