IFAST's net profit in the first quarter increased by 47.3% year-on-year to 28.05 million yuan, announcing a target of 100 billion yuan in administrative management asset scale | Lianhe Zaobao

iFAST Corp reported a year-on-year net profit increase of 47.3% to SGD 28.05 million for the first quarter ending in March, with total revenue growing by 44.5% to SGD 154.46 million. The profit growth was mainly attributed to the ePension platform in Hong Kong and its core wealth management platform business. The board of directors proposed an interim dividend of SGD 0.025 per share, a year-on-year increase of 56.3%; the total annual dividend is expected to be SGD 0.105, an increase of at least 25% year-on-year. iFAST Corp also announced a target to achieve SGD 100 billion in assets under administration by 2030