Wey Education on track to beat forecasts

AIM-listed Wey Education (LON:WEY) watched its share price climb by 4.93% to 38.30p (as of 14:45 GMT) after it said it expects to exceed expected turnover and profitability for the year ending 31st August 2021. The company also said that it would be changing the VAT treatment of its UK clients.

Chairman Barrie Whipp commented: “We are very pleased with the Company’s performance in the early part of the financial year which we envisage continuing during the rest of the year. The Board intends to continue investing in growth; this is not the time to consolidate, but to continue to push forward“.