IN BRIEF: Alfa Financial declares special payout after strong quarter

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Alfa Financial Software Holdings PLC - London-based software developer for finance industry - Reports first quarter revenue of £22.5 million, up 11% from £20.2 million a year prior. ‘In the month of March, we worked more chargeable days than at any time in the Company's history and we expect these high levels of chargeability to continue,’ it says. Decides to declare special dividend of 3 pence per share due to it generating ‘excess cash’. On January 18, it had announced buyback programme worth of up to £18 billion.

Current stock price: 178.25p, up 6.1% on Wednesday

12-month change: up 32%

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