Pearson annual profit rises 11%, ahead of forecasts

LONDON (Reuters) – British education group Pearson said it would post adjusted operating profit of about 455 million pounds ($560 million) for 2022, an 11% rise which puts it ahead of analyst expectations, on underlying sales which came in 5% higher. ($1 = 0.8127 pounds) (Reporting by Sarah Young; Editing by Kate Holton)

LONDON (Reuters) – British education group Pearson said it would post adjusted operating profit of about 455 million pounds ($560 million) for 2022, an 11% rise which puts it ahead of analyst expectations, on underlying sales which came in 5% higher.

($1 = 0.8127 pounds)

(Reporting by Sarah Young; Editing by Kate Holton)