Source - SMW
Falanx Group's first half pre-tax losses rose to £1,011,558 in the six months to the end of September - up from £729,760 last time.

Revenues of £1,445,446 were up from £1,212,784 but administrative expenses increased to £1,395,525 from £636,026.

Chairman and acting chief executive Mike Read said: 'The advent of the General Data Protection Requirement (GDPR) and the need for corporates to be compliant is further fuelling a growth Cyber market. 

'Combined with rapidly increasing corporate migration to Cloud based applications, increasing costs of in-house IT and security solutions and a growing cyber 'skills gap' in the UK, we continue to view market conditions for our Cyber services as highly favourable for the foreseeable future.

'Our intelligence business under its product name Assynt has been extremely busy. 

'This is driven by the continued unrest in the world and the need for our research team to brief our customers on all the activities in a timely manner.  More multinational customers are now seeing the need for regular briefings to protect their people and operations worldwide.

'We believe our strategies have positioned the Company well, against highly attractive market opportunities and our business model will generate long-term, growing, cash flows to drive shareholder value.'




At 8:22am: (LON:FLX) Falanx Group Plc share price was -0.38p at 6.75p



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