Pearson Posts Drop In 2011 Net Profit
Pearson PLC (NYSE: PSO) posted a drop in its net profit in 2011.
Pearson's attributable net profit for 2011 declined to 957 million pounds ($1.52 billion), versus a profit of 1.3 billion pounds in 2010. Its sales climbed 3.5% to 5.86 billion pounds from 5.66 billion pounds.
Pearson announced its plans to pay a 42 pence dividend.
Pearson shares closed at $19.81 on Friday.
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