Alphyra on course for fresh flotation

ELECTRONIC payments group Alphyra is on course to refloat on the stock exchange after profits grew by almost 80% last year.

Alphyra, which was taken private by its management three years ago, is looking at coming back to the markets next year. The surge in profits, to €7.6 million, should help to increase demand among investors for the company.

Alphyra management are considering the options for the company's future. These include a trade sale or listing on the stock market again. The latter option looks more likely.