Alpha Financial sees FY profits ahead of market expectations

AIM-listed Alpha Financial Markets Consulting said on Thursday that full-year profits are likely to be ahead of current market expectations as trade has continued to be good since the interim results in November.

In an update on recent trading ahead of the year ending 31 March 2018, the provider of specialist consultancy services to the asset and wealth management industry said the strong growth seen in the first six months since the IPO has continued into the second half of the year, alongside high utilisation levels.

Chief executive officer Euan Fraser said: "We are continuing to hire the very best consulting talent in the market, given the exciting opportunities we see across our core markets and offerings. I am delighted that we expect to deliver our first full year results as a plc ahead of current market expectations and would like to thank everyone in the Alpha FMC team for their hard work and contribution."

The company is due to release its final results in June.