Alpha FX Group PLC reported unaudited consolidated earnings results for the six months ended June 30, 2017. For the year, the company reported revenue of £6,290,311 against £3,307,225 a year ago. Underlying operating profit was £3,173,742 against £1,728,975 a year ago. Operating profit was £2,413,869 against £1,728,975 a year ago. Profit before taxation was £2,381,243 against £1,722,625 a year ago. Profit for the year attributable to equity owners of the parent was £1,852,791 or 6.3 pence per basic and diluted share against £1,070,373 or 5.1 pence per basic and diluted share a year ago. Net cash outflows from operating activities were £6,592,851 against net cash inflows from operating activities of £6,914,856 a year ago. Payments to acquire property, plant and equipment was £32,000 against £16,934 a year ago. Internally developed intangible assets were £30,104 against £28,500 a year ago. Underlying basic earnings per share up 69% to 8.6 pence against 5.1 pence a year ago.

The company encouraged by performance in the first half of the year and trading for the second half has begun well. The board is confident that the results for the full year will be in line with market expectations.