Personal Finance
iFAST (SGX: AIY) 2020 Third-Quarter Earnings: Interim Dividend Increases 7% on the Back of Record Quarterly Net Profit
By Seedly  •  October 23, 2020
iFAST Corporation Ltd (SGX: AIY) is an Internet-based investment products distribution platform that provides a comprehensive range of investment products and services to both corporate clients and retail investors.  iFAST share price has ballooned over 200% so far in 2020 alone. More recently, the Singapore Exchange queried the company’s abnormal share price movements twice in the span of the past three months. The company announced its financial results for the third quarter ended 30 September 2020 earlier today. It would be beneficial to explore how the company has performed for its latest quarter due to strong investor interest as seen from higher share trading volumes recently. With that, here are some important highlights from iFAST’s third-quarter earnings announcement. TL;DR: iFAST’s Third-Quarter of 2020 Financial Results Third-quarter revenue increased by 33% while net revenue grew 36%, both year-on-year. Growth came on the back of iFAST’s assets under administration...
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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