Wey Education (WEY)

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FTSE AIM All-Share

 26.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 30.00
  • 52 Week Low: 9.75
  • Currency: UK Pounds
  • Shares Issued: 138.48m
  • Volume: 20,982
  • Market Cap: £36.00m
  • RiskGrade: 248

Wey Education reports maiden profit in first half

By Josh White

Date: Tuesday 18 Apr 2017

LONDON (ShareCast) - (ShareCast News) - Online fee-paying secondary school operator Wey Education announced its unaudited interim results for the six months to 28 February on Tuesday, with turnover increasing 73% to £1.21m.
The AIM-traded company reported a maiden profit before tax of £11,244, swinging from a loss 0f £466,582 in the same period last year, with basic earnings per share of 0.01p compared to a loss of 0.69p.

Cash balances stood at £1.03m at period end, compared to £1.01m, with the board pointing out that the cash balance was after increased investment.

The firm's new IT platform was "well advanced" in its rollout to provide a base for further growth, the board added, and said its result for the full year was anticipated to be "much better" than the 2016 year.

"These results show a substantial improvement over previous years and we are yet to see the impact of the various initiatives commenced over the last 18 months where the real benefits will be seen in 2017/18 and beyond," said chairman David Massie.

"Our product is one for the digital age and we see numerous opportunities for expansion."

Massie said Wey would continue to invest with the aim of increasing the group's size, product range and international coverage.

"We continue to research the Chinese and other markets.

"We are now in our best ever position and are looking forward to the second half with confidence and excitement."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Wey Education Market Data

Currency UK Pounds
Share Price 26.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 30.00
52 Week Low 9.75
Volume 20,982
Shares Issued 138.48m
Market Cap £36.00m
RiskGrade 248

Wey Education Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95% below the market average95% below the market average95% below the market average95% below the market average95% below the market average
92.73% below the sector average92.73% below the sector average92.73% below the sector average92.73% below the sector average92.73% below the sector average
Price Trend
79.68% above the market average79.68% above the market average79.68% above the market average79.68% above the market average79.68% above the market average
82.61% above the sector average82.61% above the sector average82.61% above the sector average82.61% above the sector average82.61% above the sector average
Income Not Available
Growth
87.16% above the market average87.16% above the market average87.16% above the market average87.16% above the market average87.16% above the market average
90.74% above the sector average90.74% above the sector average90.74% above the sector average90.74% above the sector average90.74% above the sector average

Wey Education Dividends

No dividends found

Trades for 29-Sep-2020

Time Volume / Share Price
12:21 982 @ 26.90p
11:27 20,000 @ 26.88p
08:09 3,893 @ 26.00p

Wey Education Key Personnel

Chair Barrie Whipp
CEO Jacqueline Daniell

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