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AEC Education expects loss of £0.25m

AEC Education warns it is likely to post a full year pre-tax loss of £250,000 on revenues of around £17.0m.

AEC says that while its Asian operations continue to perform well, the continuing uncertainty surrounding the UK Government's policy on student visas and immigration has hit the UK business, Malvern House, which principally offers English language programmes to foreign students.

AEC said a reorganisation was under way to realign the cost base and adjust the Malvern House business model.

It said: "As part of the reorganisation, the existing strategy to expand the Malvern House brand outside the UK will be progressed at a faster rate.

"Currently, Malvern House's academic and social offering is being unrolled in AEC's existing centres in Asia and management plans to introduce the Malvern House brand and experience in a number of other countries where the brand recognition is strong."

Story provided by StockMarketWire.com

13/12/2010