The trading update released just over a week before these results took much of the sting out of Alfa Financial Software’s (ALFA) weak half-year numbers. As previously warned, operating profit for the six months to 30 June had plunged more than a third to £5.4m. This came as the group, which provides software to the asset finance industry, experienced delays in implementing projects, lower discretionary spending by customers and an increased cost base.
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