Wey Education plc announced earnings guidance for the year to August 31, 2019. Group turnover for the year to 31 August 2019 is expected to be substantially below current market expectations. Turnover is, however, expected to be in excess of £5 million, representing an increase of over 24% on the year ended 31 August 2018. Expectations are that the Group's loss before tax for the year will be somewhat greater than in 2018 due to the factors described above. The costs of the overseas and business expansion ventures will therefore not impact future years, leading to expectations of profitability on an ongoing basis from the financial year to 31 August 2020. The Group is extremely well funded, having in excess of £4 million cash at bank as at 31 January 2019 and is expected to be cash generative from ongoing activities. To repeat, trading in InterHigh and Academy 21 has started strongly in this financial year. The Board does not believe that this new business focus should prevent it from being ambitious in growing InterHigh and Academy 21 and part of this year's costs will be attributed to increases in expenditure on sales and marketing activities.