Sandford tips big revenue boost

SANFORD Limited has announced its revenue for this financial year is expected to be more than $30 million, a nearly threefold increase on last year.

Though the company expects to operate profitably on a monthly basis by the end of the financial year, it still expects to declare a loss.

Sanford CEO Steven Goh said the better-than-expected uptake of its Virtual Broker product, combined with an increase to 40,000 retail clients with more than $500 million in assets under management, had enabled the company to project such high revenue for this financial year.