Pearson plc Interim Results: Pearson Makes a Strong Start to 1998

Pearson plc Interim Results: Pearson Makes a Strong Start to 1998

Financial highlights
  1998 1997   1997
All figures in £m half year half year % change full year





Sales 989.0 957.6 +3% 2,293.1
- continuing operations 944.5 898.3 +5% 2,118.6
Operating profits 106.1 69.1 +54% 328.2
- continuing operations 107.3 82.9 +29% 320.8
Adjusted earnings per share 10.8p 6.0p +80% 34.9p
Dividends per share 8.0p 7.5p +7% 19.5p





  • Record first half profits
  • Good progress on financial targets
  • Completion of Simon & Schuster acquisition on track

Commenting on the results, Marjorie Scardino, Pearson’s chief executive, said:

"We have made a strong start to 1998. These are good operating results which give us confidence that we can meet our financial goals for the year. While our reshaping of Pearson and the building of market-leading businesses has gathered momentum, we have made the task of delivering on our sales, margin and cash targets our priority."

For further information

Pearson plc
Marjorie Scardino, chief executive
John Makinson, finance director
John Fallon, communications director
0171 411 2310