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Alpha FX Expects 2019 Profit Ahead Of Market Expectations

Thu, 17th Oct 2019 10:20

(Alliance News) - Alpha FX Group PLC, a foreign exchange and payments company, said on Thursday it expects its full-year earnings to be ahead of current market expectations, as a result of a strong performance across all areas of the business.

In a trading update for calendar 2019, Alpha FX said its growth continues to be derived from its core UK corporate market and European clients serviced from the London office, as well as its Institutional division and the broadening of the product base into currency options.

The newly launched operations in Canada and Alpha Pay also continue to make positive revenue contributions to the company, Alpha FX said.

Alpha FX shares were up 4.1% in London at 885.00 pence each on Thursday morning.

By Loreta Juodagalvyte; loretajuodagalvyte@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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