Alpha Financial Markets Consulting PLC (AIM:AFM) reported “strong double-digit” growth in organic net fee income in the first half of its financial year, led by North America.
Underlying earnings (EBITDA) also have “grown strongly”, with margins consistent with the previous year, the provider of specialist consultancy services to the asset management, wealth management and insurance industries said.
Alpha FMC said it remains confident in achieving market expectations for the full year, with results for the six months ended 30 September to be published on 23 November.
The momentum and strong pipeline carried into the start of the year has continued, the AIM-listed company said, adding that it has invested in staff amid ongoing client demand around the world, while it “successfully continued to deliver excellent sales wins and has maintained a healthy opportunity pipeline through the first half.”
North America made “particularly good progress”, with May 2021 acquisition Lionpoint said to continue trading strongly.