Pearson's H1 15 results showed revenues up 1% organically to £2.2bn (before a 4% forex positive impact) and adjusted operating profit down 4% to £72m. This is nonetheless rather meaningful as H1 is only a small part of the FY results (c.60% of sales and c.90% of profits generated in H2). The dividend is raised by 6% to 18p and management reiterated its previous FY15e guidance for adjusted EPS of 75p to 80p, assuming exchange rates at last 21 January's levels (2014 average £:
04 Aug 2015
Tough US environment for Education and asset disposals
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Tough US environment for Education and asset disposals
Pearson PLC (PSON:LON) | 992 -25.8 (-0.3%) | Mkt Cap: 6,782m
- Published:
04 Aug 2015 -
Author:
Véronique Cabioc'h -
Pages:
3
Pearson's H1 15 results showed revenues up 1% organically to £2.2bn (before a 4% forex positive impact) and adjusted operating profit down 4% to £72m. This is nonetheless rather meaningful as H1 is only a small part of the FY results (c.60% of sales and c.90% of profits generated in H2). The dividend is raised by 6% to 18p and management reiterated its previous FY15e guidance for adjusted EPS of 75p to 80p, assuming exchange rates at last 21 January's levels (2014 average £: