FT and Penguin owner Pearson sees digital profits rise

A Penguin book stand in India Pearson has seen strong growth in developing markets

Educational publisher and FT owner, Pearson, has reported a rise in profits thanks to improved digital sales and growth in emerging markets.

Pre-tax profits at the group were up 72% to £1.15bn ($1.8bn) including one off items for the year to 31 December.

Adjusted operating profits from continuing operations were up 12% at constant exchange rates to £943m.

In December last year the LSE agreed to pay £450m for Pearson's 50% stake in FTSE international.

"Pearson expects to achieve continued sales and operating profit growth in 2012, in spite of tough trading conditions and rapid industry change," the company said in its statement.

Sales of digital products increased by 18%, making up a third of the group's total sales.

At the FT newspaper digital subscriptions amounted to nearly half of total paid circulation whilst Penguin saw e-book sales rise by 106% to make up 12% of revenues.

Total sales at Penguin were almost unchanged at £1.04bn, down 1% on 2010.

The company also saw a 24% rise in sales in developing markets where it saw strong growth in demand for its educational products.

More on This Story

The BBC is not responsible for the content of external Internet sites

More Business stories

RSS

Features

  • June plays with a pelicanDad's menagerie

    An extraordinary childhood growing up in a zoo


  • US soldier, part of the NATO-led International Security Assistance Force (ISAF), manning a machine gun onboard a Chinook helicopter over the Gardez district of Paktia province on 11 August 2014Viewpoint

    Nato's role in making the Afghan army sustainable


  • Architect's drawing of bedroomDeep dreams

    The homes where you can live under the sea


  • A snailHard to stomach?

    The IT worker who quit his job to farm snails for restaurants


  • An assortment of secret menu itemsMcSecret

    The fast food items you've never heard of


BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.