Monday June 1, 2020

Datalex says review uncovers “significant financial irregularities”

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

Ian Guider

Markets Editor

@ianguider
27th March, 2019
Aidan Brogan, chief executive of Datalex

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%.

Releasing some details of a review...

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