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Pearson: H1 results beat expectations

(CercleFinance.com) - Pearson, the world's leading education publication company, has reported better-than-expected H1 results on Monday and has renewed its FY forecast,

This morning tBritish publishing group announced 6% organic sales growth for the first six months of the year, to 1.

79 billion pounds, against a consensus of around 1.73 billion pounds.

The company said it benefited from a 22% increase in its English language learning business, with its Pearson Test of English, a computerised test of English language proficiency, benefiting from the easing of health restrictions.

Adjusted operating profit improved to 160 million pounds in H1, compared with 127 million pounds a year ago.

Announcing strategic and operational progress, the share rose by over 10% on Monday, posting the best performance in London.


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