Yahoo Finance iFAST First Quarter 2024 Earnings: EPS: S$0.049 (vs S$0.01 in 1Q 2023)
iFAST (SGX:AIY) First Quarter 2024 Results
Key Financial Results
Revenue: S$58.1m (up 7.8% from 1Q 2023).
Net income: S$14.5m (up 387% from 1Q 2023).
Profit margin: 25% (up from 5.5% in 1Q 2023). The increase in margin was primarily driven by lower expenses.
EPS: S$0.049 (up from S$0.01 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
iFAST Earnings Insights
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Capital Markets industry in Asia.
Performance of the market in Singapore.
The company's shares are up 7.9% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We have a graphic representation of iFAST's balance sheet and an in-depth analysis of the company's financial position.
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