Wey Education sees annual profit 'at least' meeting market expectations

Writer,

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Online education group Wey Education said its annual adjusted profits would be 'at least' in line with expectations following a jump in revenue.

The company said its revenue for the year through August was seen rising by over 43% to more than £6.0m, which it said was well ahead of market expectations.

'This increased revenue has allowed the group to increase its marketing spend in the current year to ensure as far as possible that revenue expectations for the year ended 31 August 2020 will be met,' it addded.

'Nevertheless, it is expected that adjusted profits for the current year will be at least in line with market expectations.'