Alpha Strategic plc (APS)

Alpha Strategic plc (APS) – Revenue Increases

Alpha Strategic plc reveal audited Preliminary Results for the year ended 31st March 2008. Financial Highlights include: Revenue up 350% to £669k (2007 – £191k), total revenue increases to £784k (2007 – £301k). Pre tax profit of £40k (2007 – (loss) £144k) despite significant non-recurring aborted transaction costs. Excellent investment performance with funds under management at $37.8m. The company has a healthy cash and debtor balance at £2.4m (2007 – £2.3m). Global Futures Fund marketing territory extended to Germany and Austria.

Colin Barrow, Chairman, commented:
“The second full year of operation of the Company has been very active, although sadly frustrating. Our financial performance has been very satisfactory with operating revenue up 350% and good cost control, marred only by abortive acquisition costs, much of which we hope to recover.”