StockMarketWire.com - Online education group Wey Education posted a first-half loss owing to restructuring costs related to the closure of operations in London and overseas.

Pre-tax losses for the six months through February amounted to £895k, compared to losses of £153k on-year.

Revenue rose 55% to £2.70m.

'Wey is now completely focused on InterHigh and Academy21, our distinct brands for online education,' chairman Barrie Whipp said.

'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.'


At 9:13am: [LON:WEY] Wey Education Plc Ord 1p share price was +2.65p at 8p



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