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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Pearson Plc | LSE:PSON | London | Ordinary Share | GB0006776081 | ORD 25P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.50 | -0.15% | 1,013.00 | 1,013.00 | 1,014.00 | 1,015.50 | 1,011.00 | 1,013.50 | 32,100 | 08:59:07 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Miscellaneous Publishing | 3.67B | 378M | 0.5497 | 18.46 | 6.98B |
From Apr 2019 to Apr 2024
By Rory Gallivan
LONDON--Pearson PLC (PSO) reported a wider full-year net loss Friday as it suffers from declines in the U.K. and U.S. education markets.
The educational publishing ccompany reported a net loss of 2.56 billion pounds ($3.19 billion) for calendar year 2016, compared with a GBP433 million loss in 2015. Revenue rose to GBP4.55 billion from GBP4.47 billion, but fell 8% in underlying terms.
The final dividend was maintained at 34 pence, but Pearson said it planned to cut its dividend in 2017, in line with comments it made in January when it warned of the weak performance in 2016.
"We will continue to accelerate our digital transformation, simplify our portfolio, control our costs and focus our investment on the biggest growth opportunities in education," Chief Executive John Fallon said.
-Write to Rory Gallivan at rory.gallivan@wsj.com
(END) Dow Jones Newswires
February 24, 2017 02:53 ET (07:53 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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