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Alpha FX ( (GB:ALPH) ) just unveiled an update.
Alpha Group International plc reported a significant 23% increase in revenue from underlying activities, reaching approximately £135 million for the financial year 2024. Despite challenging economic conditions, the company achieved strong growth across both its Corporate and Institutional divisions, driven by overseas office contributions and new product offerings. The acquisition of Cobase has proven successful, contributing to the company’s performance. Alpha’s inclusion in the FTSE 250 and strategic board changes highlight its successful positioning in the market. Looking ahead, the company remains confident in its growth strategy, supported by a robust cash position and increased capabilities to meet growing FX risk management demands.
More about Alpha FX
Alpha Group International plc is a global provider of high-tech, high-touch financial solutions serving corporates and institutions across more than 50 countries. The company blends advanced technology with human expertise to offer enhanced alternatives to traditional banking services, focusing on FX risk management, global accounts, mass payments, fund finance, and cash management. With a team of nearly 500 people across eleven global offices, Alpha maintains a high-performance culture and a partnership structure that treats employees as owners of the business.
YTD Price Performance: -2.99%
Average Trading Volume: 105,584
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £954.8M
For a thorough assessment of ALPH stock, go to TipRanks’ Stock Analysis page.
