12th Jan 2022 10:42
(Alliance News) - Alfa Financial Software Holdings PLC said Wednesday it expects to post a performance for 2021 at the upper end of market expectations, following a strong result reported for the fourth quarter.
For the quarter ended December 31, the asset finance industry-focused software firm noted good revenue generation across all business streams, with Software performing better than expected, with licence income from incremental sales, and a continued strong delivery of development days.
Looking ahead, for 2021, the London-based firm expects to post a performance at the higher end of expectations, which for operating profit stands at GBP19 million to GBP22 million, and revenue between GBP80 million and GBP82 million.
For 2020, operating profit was GBP23.9 million, on revenue of GBP78.9 million.
"I am delighted that we have been able to carry on the strong momentum developed in the first half in terms of both financial performance and delivery through to the end of the year. This performance alongside the strategic progress we have made, the confidence we have in the quality of our people and the strength of the intellectual property in our software give us great confidence in Alfa's prospects for 2022," said Chief Executive Officer Andrew Denton.
Alfa Financial Software will publish its annual results on March 9.
Shares in Alfa Financial Software were up 5.0% at 189.00 pence on Wednesday in London.
By Dayo Laniyan; [email protected]
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