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Alpha Financial Markets Consulting PLC (Alpha FMC) CEO Luc Baqu and chief financial officer John Paton join Proactive's Stephen Gunnion with details of the company's interim results to 30 September 2023, which reveal a resilient performance in a challenging market. Alpha FMC reported over 7% top-line growth, despite tough conditions in the consulting sector.
The company maintained consistent day rates and managed costs effectively while continuing to invest in future growth. A significant part of their strategy involved adding over 50 consultants, including graduates, and hiring three insurance consulting directors in North America.
They also completed the acquisition of Shoreline, expanding their APAC presence. Paton highlighted the company's financial resilience, with an increase in net income to nearly 150 million and a consistent gross profit margin. He emphasized growth across all regions, with the UK, North America, Europe, and APAC contributing significantly.
The CFO also noted a robust balance sheet with 16 million in net cash and a consistent interim dividend. Despite a competitive global consulting market and macroeconomic challenges, Alpha FMC expects a positive trend in the second half of the year, anticipating results in line with market expectations due to its strong pipeline.
Looking ahead, Baqu expressed confidence in doubling the business over the next five years, citing strong market drivers and Alpha FMC's unique position with talented staff, specialized expertise, and a focus on service excellence. He concluded by emphasizing the financial services industry's transformative role and Alpha FMC's ambition to lead in this space.
Contact Details
Proactive UK Ltd
+44 20 7989 0813
View source version on newsdirect.com: https://newsdirect.com/news/alpha-fmc-reports-a-resilient-first-half-as-it-positions-itself-for-further-growth-111392024
Alpha Financial Markets Consulting PLC
COMTEX_443895087/2655/2023-11-23T05:31:37
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