Financial Times parent company Pearson has announced half-year turnover up six per cent to £1.7 billion and operating profit up 48 per cent to £91 million.
In the FT Publishing division – which includes the Financial Times – turnover was up 21 per cent year-on-year to £164 million andd adjusted operating profit up 73 per cent to £23 million.
The FT Group also includes specialist magazines: Investors Chronicle, The Banker, Money Management and Financial Advisor.
Chief executive Marjorie Scardino said: “‘Our half-year results are always just a hint of our potential for the year, but
certainly a strong hint this year.
“The Financial Times Group is showing the value of its unique strategy; Penguin’s publishing and profit are both solid and
promising, as is its approach to change in publishing; and in Education we continue to set the pace as we use technology to personalise learning.
“Our investments in content, technology, international expansion and efficiency
have put us in a position to lead, and we’re leading.”