Shares in publisher Pearson soar on sizzling profit report
Educational publisher Pearson (GB:PSON) saw a huge jump in profits to £131 Million from just £18 Million in the first half of 2021 - and shares soared as a result. The results pushed the share price up by around 12%, making it the top gainer in the FTSE 100 index on Monday. The stock has offered an impressive return of 44% in the year to date. Growth across segments Pearson''s total sales grew by 6% to £1.8 Billion, mainly driven by its English language learning segment, which grew by 22% in sales on an underlying basis.
Shares in publisher Pearson soar on sizzling profit report
Educational publisher Pearson (GB:PSON) saw a huge jump in profits to £131 Million from just £18 Million in the first half of 2021 - and shares soared as a result. The results pushed the share price up by around 12%, making it the top gainer in the FTSE 100 index on Monday. The stock has offered an impressive return of 44% in the year to date. Growth across segments Pearson''s total sales grew by 6% to £1.8 Billion, mainly driven by its English language learning segment, which grew by 22% in sales on an underlying basis.