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

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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