ifast corporation logo

Financial Performance

Financial Years Ended 31 December 2016, 2017, 2018,2019 and the Financial Period Ended 31 March 2020

Financial Performance (including China Operation)
FY2016 FY2017(2) FY2018 FY2019 1Q2020
For the Year/Period (S$ Million)
Net revenue 40.69 49.45 59.62 65.20 18.82
Profit before tax 6.09 8.75 12.35 11.07 4.38
Profit after tax 5.33 7.49 10.69 9.31 3.60
Net profit attributable to owners of the Company 5.45 7.70 10.91 9.52 3.64
Net Revenue
Recurring net revenue 34.71 40.95 48.32 52.94 13.99
Non-recurring net revenue 5.98 8.50 11.30 12.26 4.83
Total net revenue 40.69 49.45 59.62 65.20 18.82
Per Share
Earnings per share (cents) 2.08 2.92 4.10 3.55 1.35
Dividend per share (cents) 2.79 3.01 3.15 3.15 0.75
Financial Ratios
Profit before tax margin (based on net revenue) 15.0% 17.7% 20.7% 17.0% 23.3%
Return on equity (per annum)(1) 7.1% 9.7% 13.1% 10.9% 15.6%

Financial Performance (excluding China Operation)
FY2016 FY2017(2) FY2018 FY2019 1Q2020
For the Year /Period (S$ Million)
Net revenue 40.46 49.01 58.87 64.64 18.56
Profit before tax 9.82 13.13 17.17 16.10 5.51
Profit after tax 9.06 11.87 15.51 14.33 4.72
Net profit attributable to owners of the Company 9.06 11.87 15.51 14.33 4.72
Net Revenue
Recurring net revenue 34.54 40.73 47.96 52.61 13.88
Non-recurring net revenue 5.92 8.28 10.91 12.03 4.68
Total net revenue 40.46 49.01 58.87 64.64 18.56
Per Share
Earnings per share (cents) 3.46 4.50 5.83 5.35 1.75
Financial Ratios
Profit before tax margin (based on net revenue) 24.3% 26.8% 29.2% 24.9% 29.7%
Return on equity (per annum)(1) 11.8% 15.0% 18.6% 16.4% 20.3%

Financial Position and Operating Cashflows
FY2016 FY2017(2) FY2018 FY2019(3) 1Q2020
At Year/Period End (S$ Million)
Non-current assets 14.70 22.28 30.33 52.46 52.67
Net current assets 64.39 60.18 56.62 49.86 53.62
Non-current liabilities (0.50) (1.21) (1.60) (12.68) (12.32)
Net assets 78.60 81.25 85.35 89.64 93.97
Shareholders' equity 78.45 81.24 85.56 90.06 94.44
Net cash from operating activities 5.63 13.22 17.62 19.38 8.03

Notes:
(1) Return on equity is calculated based on the average of the month-end shareholders' equity for the respective year or period.
(2) Restated as a result of adoption of SFRS(I)s with effect from 1 January 2018 for comparison purpose.
(3) Adoption of SFRS(I) 16 Leases with effect from 1 January 2019.