P523 Tjletext 523 Mar17 16:48:12
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PENGUIN CHARGE HITS PROFITS
Media giant Pearson has reported a drop
of 30% in operating profits to £181m,
after taking a charge in connection
with improper accounting at Penguin USA
Pre-tax profits fell to £356.8m drom
£365.1m on sales in the 12 months up to
£2.5bn against £1.8bn.
Pearson is paying shareholders a total
dividend 1.5p higher at 18p per share
on earnings pjr share of 30.6p.
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