Alpha FX (AIM:AFX) profit ahead again and further upgrades
This founder led, foreign exchange service provider has seen its share price soar since arriving on AIM in April 2017. With a simple business model delivering fantastic returns, there could be plenty more to go for, as we highlight in our Premium Research note here...
Alpha FX Group (AIM:AFX) is a founder led, UK-based foreign exchange service provider focused on managing exchange rate risk for UK corporates and institutions that trade internationally. Update: positive trading update for the year ending 31 December 2019 The full year December 2019 trading update confirmed that revenues for the year are expected to exceed £35m (previous expectations were for revenue of £33.6m) with the pre-tax profit margin also slightly ahead of expectations, despite continued investments made throughout the year. The results come off the back of another strong performance from the core corporate and institutional divisions, across both UK…