Datalex says review uncovers “significant accounting irregularities”

Datalex says review uncovers “significant accounting irregularities”

News sparks further drops to a share price already significantly down this year

Shares in Datalex, the travel industry software company, slumped again on Wednesday 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 per cent fall in its share price, extending its loss this year to more than 70 per cent.

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