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Wey Education H1 loss widens YOY

Wey Education PLC said its first-half normalized net income was £116,880, compared with a loss of £50,000 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue increased year over year to £353,000 from £27,000, and total operating expenses increased on an annual basis to £531,000 from £101,000.

Reported net income came to a loss of £187,000, compared with a loss of £80,000 in the prior-year period.