(Alliance News) -Â Alpha FX Group PLC on Wednesday reported profit growth for 2019 and said trading remains in line with expectations.
Revenue was up 51% to GBP35.4 million for 2019 while pretax profit rose 39% to GBP13.5 million from GBP9.7 million.
Client numbers increased by 34% while average revenue per client grew up 12%.
The firm said it continues to monitor Covid-19 and said it has "always been very well placed" to operate remotely.
Net cash and equivalents increased "significantly" to GBP74.0 million from GBP38.4 million at the end of 2018.
"The global outlook remains uncertain at this relatively early stage of the Covid-19 outbreak, however, as at the date of this report, trading for Alpha continues to be in line with expectations. With the growing diversity of our client base and products, both of which span an increasing number of geographies and sectors, and a strong cash and liquidity position, we are confident in our ability to continue servicing the needs of our clients and growing our business as a result," said Alpha FX.
Shares in the payments company were up 4.6% at 910.00 pence in London on Wednesday.
By Lucy Heming;Â lucyheming@alliancenews.com
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