StockMarketWire.com - Falanx Group said full-year trading was in line with management's expectations and it enjoyed robust revenue increases across all lines of business.

The group said this had been driven by geopolitical instability, rising levels of crime and increasing regulatory requirements.

Chairman Mike Read said: "This has been a genuinely transformational year for Falanx Group.

"The Falanx team has delivered on our promise to generate outstanding growth and develop new technology.

"We have also capitalized on our excellent relationships and highly regarded services to significantly enlarge our client base.

"The foundations are now in place for a profitable year of robust growth."

The group also announced that it intended top raise up to £2m, before expenses, through a placing of new ordinary shares at 6.875p apiece.


At 9:22am: [LON:FLX] Falanx Group Plc share price was -0.12p at 7.38p



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