Pearson Posts Drop In 2011 Net Profit

Pearson PLC

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.