Pearson Plc reports 18% sales decline for H1 FY2020

1 min read | July 24, 2020 09:25 PM BST | By Team Kalkine Media

Pearson Plc (LON:PSON) has released its results for the six months to 30th June 2020.

  • The company reported that sales decreased by 18 per cent or £337 million in headline terms due to trading and disposals partially offset by forex. The decline largely reflects test centre and school closures in Global Assessment and International.
  • The adjusted operating profit declined by £167 million to a loss of £23 million as compared to a profit of £144 million in H1 2019. There was a profit impact of around £140 million from COVID-19.
  • The company has also reported that the available liquidity at the end of the period was around £1.6 billion.
  • On 24th July 2020, at the time of writing, GMT 09:13 AM, PSON shares were trading at GBX 522.40, down by 27.60 points or 5.02% against the previous day closing price.

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