Wey Education Plc announced unaudited consolidated earnings results for the half year ended February 28, 2018. For the period, total revenue was £1,743,000 as compared to £1,211,000 a year ago. EBITDA was £160,000 as compared to £79,000 a year ago. Adjusted profit before tax was £145,000 as compared to £75,000 a year ago. Adjusted earnings per basic share were 0.12 pence compared to 0.08 pence a year ago. Operating loss for the period before taxation was £153,000 as compared to profit of £11,000 a year ago. Profit before tax was £153,000 as compared to profit of £11,000 a year ago. Loss from continuing activities was £153,000 or 0.13 pence per basic share as compared to profit of £11,000 or 0.1 pence per basic share a year ago. Net cash used in operating activities was £12,000 as compared to net cash generated from operating activities £331,000 a year ago. Adjusted profit was £145,000 as compared to £75,000 a year ago.

For the year 2018, the company group's core businesses increased 23% over the equivalent period in 2016/17 although in terms of profitability margin growth compensated for the sales shortfall. Overall for the full year, and notwithstanding the additional costs flagged above, company remain on track to meet company expectations for adjusted profitability for the year although this is likely to be achieved on lower than previously planned revenues.