Alpha Financial Markets Consulting PLC - London-based consultancy services to asset and wealth management industry - Says it is "very pleased" with "strong" performance in six months to September 30. "The good momentum and strong pipeline carried into financial 2023 has continued, with positive trading conditions in the first six months," Alpha adds. Points to demand driving double-digit organic net fee income growth in first half, with particular strength in North America.
"The group has also successfully continued to deliver excellent sales wins and has maintained a healthy opportunity pipeline through the first half," Alpha says.
Remains confident in hitting market expectations for the full year. Will issue first half results on November 23.
In financial 2022, which ended March 31, Alpha posted pretax profit of GBP14.9 million on revenue of GBP158.0 million.
Current stock price: 362.50 pence, down 4.6% on Tuesday
12-month change: up 2.1%
By Paul McGowan; paulmcgowan@alliancenews.com
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Alpha Financial Markets Consulting (AFM)