Sales up, profits down at Pearson

ShareCast reports that while sales are up at Pearson, profits are down in the first half of the year.

“Though the external environment remains challenging and we are yet to see signs of improvement, we continue to expect Pearson to achieve growth in sales and operating profits for the year as a whole,” the group’s interim management statement said.

The group’s Education business has made a good start to the year, despite lack of demand from the US education market. Pearson said its strong position in the US education market and the rapid growth in its digital and services business is enabling it to hold its own in this market.

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