Pearson Plc reports growth in first half

M2 Best Books, July 25, 2005

M2 BEST BOOKS-(C)2000-2005 M2 COMMUNICATIONS LTD

UK-based publishing group Pearson Plc has reported a pre-tax profit of GBP48m for the first half of 2005, up from a loss of GBP33m in the same period a year ago.

The group's Pearson Education division saw sales rise 14% in January-June this year, with Higher Education up 5%, Professional up 12% and School up 19%.

The Penguin book publishing business was said to have made a "solid start" to 2005, and was showing good growth in the UK.

Total group sales increased to GBP1.613bn from GBP1.481bn in the first half of 2004.

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COPYRIGHT 2008 Gale, Cengage Learning

 

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