Shock Datalex warning sends shares tumbling

Shock Datalex warning sends shares tumbling
Datalex interims 'may have been misstated'.

Datalex said it now expected to report a loss for 2018, having signalled in a November trading update that it was confident of recording double-digit percentage growth in earnings for the year.

Shares in travel software company Datalex tumbled in Dublin on Tuesday after the company issued a shock profit warning.

Datalex said it now expected to report a loss for 2018, having signalled in a November trading update that it was confident of recording double-digit percentage growth in earnings for the year. The shares fell to €1, losing almost 60 per cent of their value.

The company’s customers include a number of major airlines, including Lufthansa and Aer...

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