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Alpha FX sees FY ahead of market expectations
17th Oct 2019 09:48
(Sharecast News) - Foreign exchange and payments provider Alpha FX Group said on Thursday that full-year results were set to surpass market expectations as trading since its interim results remained "strong".
Alpha FX said growth since its interim results on 4 September had continued to be strong, mostly thanks to its core UK corporate market, European clients serviced from the London office, as well as the Institutional division and the broadening of the product base into currency options.
The AIM-listed company said that its newly-launched operations in Canada and Alpha Pay were also continuing to make positive revenue contributions to the group as a whole.
As a result of the strong performance across all areas of the business, Alpha FX expects 2019 full-year earnings to be ahead of current market expectations.
At 1015 BST, the shares were up 4.1% at 885p.
Alpha FX said growth since its interim results on 4 September had continued to be strong, mostly thanks to its core UK corporate market, European clients serviced from the London office, as well as the Institutional division and the broadening of the product base into currency options.
The AIM-listed company said that its newly-launched operations in Canada and Alpha Pay were also continuing to make positive revenue contributions to the group as a whole.
As a result of the strong performance across all areas of the business, Alpha FX expects 2019 full-year earnings to be ahead of current market expectations.
At 1015 BST, the shares were up 4.1% at 885p.