Alpha FX to reinstate dividends, FY earnings expected to beat guidance
Alpha Group International
2,006.00p
10:59 23/04/24
Foreign exchange risk management provider Alpha FX Group said on Thursday that strong trading seen during July and August had carried over into the subsequent months.
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12:05 23/04/24
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Alpha stated it had continued to record "a strong performance" in October and November, with second-half revenues across all business divisions growing year-on-year.
The AIM-listed group added that it had also started to see increased levels of cross-selling of additional services to both new and existing clients.
As a result, Alpha now expects full-year earnings to be ahead of expectations and made clear its intention to reinstate a dividend policy at the year-end.
"Mindful of the ongoing uncertainty surrounding Covid-19, the group will also provide a trading update as usual in January 2020," Alpha noted.
As of 1300 GMT, Alpha FX shares were up 2.86% at 1,260.0p.