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Pearson reiterates outlook as new structure boosts growth
2022.08.01 09:30
FILE PHOTO: The company logo is displayed outside the Pearson offices in London, Britain August 4, 2017. REUTERS/Neil Hall/File Photo
LONDON (Reuters) – Education group Pearson reiterated its full-year profit outlook on Monday and said its new integrated structure was helping it to save costs and grow the top line.
The British company, which rejected three takeover offers from U.S. group Apollo in March, posted first-half underlying sales growth of 6% and adjusted operating profit up 22%.
“At least 100 million pounds ($122 million) of further efficiencies identified and to be delivered in 2023; accelerates our improved margin expectation to 2023 from 2025,” it said.
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