Wey Education posts strong revenue growth

AIM-listed Wey Education (LON:WEY) has seen its share price soar by 41.40% to 7.56p (as of 15:40 BST) after its turnover grew by 54% over the six months ended 28th February. Adjusted pre-tax profits increased by more than 500%, but there was an overall loss of just less than £900,000 due to exceptional costs and discontinued operations.

Chairman Barrie Whipp said: “Wey is now completely focused on InterHigh and Academy21, our distinct brands for online education. With significant cash resources, and businesses with growing underlying financial performance I believe we have a great foundation for growth in our ever expanding and exciting market“.