Alpha Growth ( (GB:ALGW) ) has issued an update.
Alpha Growth plc reported a 28% increase in revenues and a profit before taxation of £0.97 million for the year ending December 2024, marking a significant turnaround from the previous year’s loss. The company has completed the acquisition of Jeometri Insurance Managers, expanded its team, and is launching new insurance products, which are expected to improve cash flows and operational efficiency. The company plans to delist its shares temporarily to pursue off-market growth strategies, with intentions to relist in the future. These strategic moves aim to insulate the company from market volatility and position it for substantial growth in the upcoming year.
More about Alpha Growth
Alpha Growth plc is a financial services specialist focusing on life insurance-linked wealth and asset management. The company operates in the financial sector, providing services related to insurance and fund management, with a market focus on integrating complementary businesses to enhance its offerings.
Technical Sentiment Signal: Buy
Current Market Cap: $1.66M
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