Pearson announced financial results for the first half of the year ended June 30, reporting sales of £1.72 billion, down 2 percent on a headline basis due to currency fluctuations, up 2 percent on an underlying basis. Operating profit rose 10 percent to £240 million, “driven by operating leverage on sales growth, gains on disposals and the reversal of impairments on property assets.” Adjusted operating profit grew 2 percent to £242 million. In the Higher Education segment, sales were flat at £337 million with an adjusted operating loss of £(3) million, an improvement from £(7) million last year. Sales growth in […]
