Pearson Says PRH Sales Up Slightly

In its year-end financial report, Pearson, which has a 25% stake in Penguin Random House, said 2017 sales rose slightly over 2016, led by higher audio sales and stable print sales. Following the disposal of a 22% stake on October 5, 2017, Pearson owns 25% of Penguin Random House. "In Penguin Random House, we anticipate a broadly level publishing performance and expect an annual after-tax contribution of around £60-65m to our adjusted operating profit," the company added.

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