Market Overview

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.

Posted-In: EarningsEarnings News

 

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