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iFast eyes expansion in Malaysia, China as Q3 profit more than doubles

Group would be launching new products and services in the two countries by early 2021: CEO

Uma Devi

Uma Devi

Published Fri, Oct 23, 2020 · 09:50 PM
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Singapore

FINANCIAL services provider iFast Corporation will take advantage of booming demand for its services to expand into China and Malaysia.

The company, which runs an online platform for buying stocks and funds, on Friday reported net profit of S$6.2 million for the third quarter ended September - from S$2.5 million in the year-ago period.

Revenue climbed to S$45.0 million from S$33.8 million in the year-ago period.

On a call to discuss the company's Q3 earnings on Friday, iFast CEO Lim Chung Chun said the group wo…

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