- Falanx Group, a security and risk management consultancy working with blue chip and government clients worldwide, has announced its maiden results for the year ended 31 March 2014, since listing on AIM in June 2013.

It says that the listing has enabled the Group to begin to realise its strategic goals, particularly in pursuing acquisitions of niche companies, and has given the Group credibility in dealing with major potential clients in the Middle East and Asia.

Revenues for the year were £4.4m with a gross margin of 31.7%.

Profit before tax was £9,488, as the year involved a significant amount of costs related to the recruitment of new staff, establishment of the cyber defence capability, due diligence on acquisition targets and partnership costs.

John Blamire, CEO of Falanx Group, commented: "In our maiden year on AIM we have enjoyed significant progress, while also delivering on our promise to double revenues and expand our services.

"All divisions have made great strides forward and our new cyber defence service will be a central plank of our growth strategy over the next few years. There is already significant engagement with government and commercial entities in the UK and internationally for the delivery of our unique cyber defence services.

"We are also in discussion with potential customers on new projects within the Intelligence and Resilience Divisions and we expect to see improved profitability from both alongside that of the Cyber Defence Division. I am confident the Group is on track for significant growth over the next five years."

At 8:03am: [LON:FLX] Falanx Group Plc share price was -0.13p at 46p

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