Pearson reports first-half revenue drop of 17%

Pearson reports first-half revenue drop of 17%

Pearson has reported revenue fell 17% in the first half of 2020 as the result of “significant disruption” caused by Covid-19. However, the company has said “things are improving”, citing better sales in June.

Pearson’s revenue for the first half to 30th June 2020 totalled £1,492m, down from £1,829m the year before, and it recorded a loss of £23m for the first half versus a profit of £144m a year earlier.

In its first quarter global revenues had dipped 5% as a result of Covid-19.

Pearson’s c.e.o. John Fallon was however encouraged that “things are improving”, despite the ongoing uncertain...

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