AlphaFX shares grow on first-half update

AIM-listed foreign exchange and payment solutions provider AlphaFX (LON:AFX) has said that revenues for the six months ended 30th June were up by 60% year-on-year. Management said that this is primarily due to growth to growth in its core UK corporate business and well as accelerating performance from its European office.

CEO Morgan Tillbrook commented: “This is another strong period of trading and we remain excited about the prospects of continuing to deliver our strategy throughout the remainder of the year. I would like to thank all of our team for their efforts in the first half of the year and now look forward to carrying this momentum into the second half“.

The price of AlphaFX shares climbed by 6.90% to 775p (as of 13:00 BST).