Datalex says review uncovers “significant financial irregularities”
News sparks further drops to a share price already significantly down this year
Shares in Datalex, the travel industry software company, slumped again this morning after it said a review by accounting experts had uncovered significant financial irregularities.
Datalex said in a stock exchange statement that revenues, earnings and profits for the first half of 2018 had been misstated and some revenue would not be recovered. The statement triggered an 8% fall in its share price, extending its loss this year to more than 70%.
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