Pearson 2020 Preliminary Results and strategy update (Unaudited)
Resilience despite COVID-19 challenges. Repositioning Pearson for sustainable growth.
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Highlights
Underlying revenue declined 10%.
Global Assessment 14% lower, and International down 19%.
North American Courseware down 13%, with US Higher Education Courseware in line with pre-COVID expectations.
Performance in line with revised expectations post COVID-19;
with adjusted operating profit of £313m (2019: £581m)
Adjusted earnings per share of 28.7p (2019: 57.8p) after an effective tax rate charge of 13.7% (2019: 16.5%).
Strong balance sheet and cash performance
Operating cash flow of £315m (2019: £418m) with a conversion rate of 101% reflects lower profit partially offset by good working capital management.
140 Gauteng men ready to defend the nation and fight GBV
By Gift Tlou
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Johannesburg - The Gauteng Community Safety Department has taken their fight against gender-based violence (GBV) to the next level, with the inauguration of 140 Men As Safety Promoters (Masp) in the province.
The group, described as the “defenders of the nation”, will be tasked with addressing gender-based violence in various communities across the province.
Masp is the department’s programme aimed at mobilising men in various segments of society to be activists in the fight against abuse of women and children.
Members of the group were officially handed their NQF level 2 Customer Care certificate and Project Management certificate.