- Launches £20mn share buyback
- Forex gains also holds back the core business
Forex and alternative banking specialist Alpha Group International (ALPH) enjoyed a strong year as its ability to generate operational gearing from its fixed cost base, and a consistent underlying profit margin of 38 per cent yielded a near-tripling of reported pre-tax profits. The results were strong enough that the company was able to launch a £20mn share buyback programme, just in time for Alpha to complete its move from Aim to the main market this year.