Pearson sees stronger H2 as earnings rise
Educational publisher said it was on track to meet full year forecasts with strong second-half growth as it reported a 2% rise in adjusted half-year operating profit and sales.
The company said earnings for the first six months of the year came in at £242m, while sales on an adjusted basis were also up 2% at £1.72bn. Pearson added that it expected stronger sales growth in H2 and the fourth quarter in particular.
"We are making rapid progress with bringing AI-powered products to market and are scaling and enhancing our enterprise business with a range of new partnerships and deals," said chief executive Omar Abbosh.
Reporting by Frank Prenesti for Sharecast.com
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