Thursday, May 30, 2024
Home2022 IssuesAugust 2022Testing boosts coffers

Testing boosts coffers

Pearson, the UK’s largest education company, has reported first-half-year profits of £131 million, up from £18 million. Interestingly, this is not primarily from its English language courses, which actually made a loss of £4 million, but from its exams and English language tests.

The boom in the company’s finances appears to be down to a double-header of a relaxation in travel restrictions post-peak pandemic – and hence more people taking its tests as the world goes on the move again – and a restructuring largely led by chief executive Andy Bird. 

It’s still a remarkable come-back, especially as Covid-led lockdowns meant test centres closed and textbooks were not bought and online options proliferated. It seems, for the moment anyway, proving one’s English language proficiency is paving the English language market with gold.

Image courtesy of Erik Stein from Pixabay
Liz Granirer
Liz Granirer
Liz has been a journalist for many years. She is currently editor of EL Gazette and has previously edited the magazines Young Performer, StepForward and Accounting Technician; been deputy editor on Right Start magazine; chief sub editor on Country Homes & Interiors; and sub editor on easyJet Traveller, Lonely Planet and Family Traveller magazines, along with a number of others.
OTHER POSTS
- Advertisment -

Latest Posts