Half Year Results 

Alfa lands on its feet

Alfa lands on its feet

Alfa Financial Software’s (ALFA) revenues topped analysts’ expectations in its maiden results since listing on the main market in June this year. Sales were partly buoyed by currency movements: the US accounts for 45 per cent of Alfa’s turnover. But, at constant currencies, the top line still rose by 29 per cent. The company, which specialises in software for the asset finance industry, also saw adjusted earnings before interest and taxation of £21.4m; up 77 per cent against the first half of 2016. The market reacted positively, sending its shares up 5 per cent on results day.

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