Pearson Posts H1 Loss

Pearson PLC

posted a loss in the first half. Pearson posted a net loss of GBP8 million in the period, versus a year-ago profit of GBP36 million. Its sales increased 8% to GBP2.8 billion, while adjusted operating profit declined 26% to GBP137 million. Pearson also declared an interim dividend of 16 pence per share. Pearson shares closed at $19.40 yesterday.