FX.co ★ AlTi Global Swings To Profit In Q1

AlTi Global, Inc., also known as ALTI, recently revealed its first-quarter net income which resulted beneficially for AlTi. An impressive profit of $29.35 million was made, equating to $0.18 per share. This is a significant contrast against the net loss of $68.74 million or $1.19 per share witnessed during the same fiscal period of the previous year. However, total revenues for the quarter did see a downturn, settling at $50.81 million, a decrease from last year's first-quarter revenues which amounted to $58.05 million.