Falanx Group Limited Reports 73% Surge In FY19 Revenue

  • September 19, 2019 05:23 AM BST
  • Team Kalkine
  • Falanx Group Limited (AIM: FLX), has announced the results for the year ended 31 March 2019.
  • The company’s revenue surged by 73 per cent to £5.2 million as compared to £3.0 million in FY18.
  • Company’s Adjusted EBITDA loss reduced by 25 per cent to £1.2 million as compared to loss of £1.6 million in FY18.
  • The company is now a debt-free company with cash balances of £2.4 million.
  • On 19th September 2019, at the time of writing, GMT 13.15 PM, FLX shares were trading at GBX 1.43, up by 0.10 points or 7.55 per cent against the previous day closing price.


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