iFAST Corporation Limited (SGX: AIY) has seen its stock price surging to a new all-time high of S$9.65 recently.
The financial technology (fintech) company had reported strong growth over the past year due to a strong inflow of funds amid a pandemic.
The group recently announced its fiscal 2021 second quarter (2Q2021) results, and the numbers did not disappoint.
The fintech outfit enjoyed broad-based growth across all its divisions and its CEO, Lim Chung Chun, remains optimistic about the group’s future.
Here are five highlights from iFAST’s latest earnings report that investors should take note of.
Growth in net profit and margins
For the quarter, the group’s net revenue surged by 32% year on year to S$26.2 million.
Operating profit increased by 46% year on year to S$8.4 million, while net profit surged by 55% year on year to S$7 million.
Net margin (as a percentage of net revenue) improved from 22.8% to 26.8%....