SINGAPORE (April 28): iFAST Corporation has reported S$1.5 million in earnings for the 1Q ended March, down 42.5% from S$2.7 million in 1Q18 due to lower revenue.

This comes after an extended period of poor financial market conditions over 2H18, which resulted in a weak January and February 2019 in terms of both revenue and profitability, says the group in a press statement on Saturday

Revenue for the quarter fell 12.2% y-o-y to S$27.2 million from S$31 million previously as contributions from the Business-to-Business (B2B) business segment registered a decline, impacted by lower customer investment subscriptions in unit trusts (UTs) due to weak investor sentiment in equity markets... (Click here to read the full story)