iFAST’s net profit jumped 33.7% to $10.5m in FY14
Assets under administration rose to a record high.
Mainboard-listed iFAST’s net profit grew 33.7% YoY to $10.51 million excluding IPO expenses in FY14, while net revenue grew 16.1% YoY to $36.68 million.
Net sales and subscription excluding switching were up 9.3% and 13.3% YoY to $501 million and $1.55 billion respectively in FY14.
Assets under Administration (AUA) rose to a record high of S$5.36 billion as at 31 December 2014, a YoY growth of 16.0% and a 10-year CAGR of 24.6%