London based FX risk management and payment services provider Alpha Group International plc (LON:ALPH) has issued a Trading Update for the six-month period ended 30 June 2024, indicating continued growth at the company from last year.
Key Highlights at Alpha Group for H1 2024 include:
- Group revenue increased by 16% to over £64m (H1 2023: £55m)
- Corporate revenue increased by 12% to £30m (H1 2023: £27m)
- Institutional revenue increased by 15% to £33m (H1 2023: £29m)
- Cobase revenue increased by 80% to £1m, compared to H1 2023 (pre acquisition)
- Average client balances increased by 16% to £2.07bn (H1 2023: £1.77bn)
- Net Treasury Income (client and own) of £42m (H1 2023: £34m)
- Total income increased 19% to £107m (H1 2023: £90m)
- Delivered strong underlying profit margins alongside continued strategic investment
- Strong cash and liquidity position…
Read More
