Business
2020 Half-year Report
2020 Half-year Report.
About this update from Alfa Financial Software Holdings Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3588A\n Alfa Financial Software Hldgs PLC\n 29 September 2020\n \n \n \n 29 September 2020\n \n Alfa Financial Software Holdings PLC\n \n \n \n \n \n 2020 Half Year Report\n \n \n \n Challenging conditions highlighting our qualities\n \n \n \n \n \n Alfa Financial Software Holdings PLC (\"Alfa\" or the \"Company\"), a leading developer of software for the asset finance industry, today publishes its unaudited results for the six months ended 30 June 2020.\n \n Financial highlights:\n \n \n \n \n \n Results\n \n \n H1 2020\n \n \n H1 2019\n \n \n Movement\n \n \n \n \n £m, unless otherwise stated\n \n \n Unaudited\n \n \n Unaudited\n \n \n %\n \n \n \n \n Revenue\n \n \n 38.2\n \n \n 30.9\n \n \n \n 24%\n \n \n \n \n \n Operating profit\n \n \n 10.4\n \n \n 5.4\n \n \n \n 92%\n \n \n \n \n \n Profit before tax\n \n \n 10.1\n \n \n 5.1\n \n \n \n 95%\n \n \n \n \n \n Earnings per share - basic (pence)\n \n \n \n 2.68\n \n \n \n 1.40\n \n \n \n 91%\n \n \n \n \n \n Earnings per share - diluted (pence)\n \n \n \n 2.62\n \n \n \n 1.35\n \n \n \n 94%\n \n \n \n \n \n \n \n \n \n \n \n £m, unless otherwise stated\n \n \n H1 2020 Unaudited\n \n \n 31 Dec 2019 Audited\n \n \n Movement %\n \n \n \n \n Cash\n \n \n 68.6\n \n \n 58.8\n \n \n 17%\n \n \n \n \n \n \n \n \n \n \n Key measures (1)\n \n \n H1 2020\n \n \n H1 2019\n \n \n Movement\n \n \n \n \n £m, unless otherwise stated\n \n \n Unaudited\n \n \n Unaudited\n \n \n %\n \n \n \n \n Revenue - constant currency\n \n \n \n 38.2\n \n \n \n 31.2\n \n \n \n 22%\n \n \n \n \n \n Operating profit - constant currency\n \n \n \n 10.4\n \n \n \n 5.6\n \n \n \n 86%\n \n \n \n \n \n Operating free cash flow conversion (%)\n \n \n \n 108%\n \n \n \n 211%\n \n \n \n (49)%\n \n \n \n \n \n Total Contract Value (TCV)\n \n \n 96.4\n \n \n 70.1\n \n \n 38%\n \n \n \n \n \n \n \n \n (1) See definitions section for further information regarding calculation of measures not defined by IFRS.\n \n \n Overview/Summary:\n \n \n • \n Revenue and profit significantly ahead of original expectations and last year\n \n \n • \n Covid-19 disruption minimised at this stage; high performance delivery, with our people and product providing strong support for our customers\n \n \n • \n Culture strong...