UK's Pearson Group Doubles 2005 Net Profit.

01 March 2006

    LONDON - Net profit for the year 2005 rose to £624 million ($1.09bn; €915.95m) from £262m in 2004, reports Pearson plc. Sales rose 9% to £4.1 billion from £3.7bn.
    The Financial Times newspaper emerged from the red for the first time in two years, posting a profit of £2m, Advertising revenue grew by 12% in the twelve months to date, with circulation up 4%.
    Pearson is also bullish about 2006, forecasting another good year, with sales at its education unit rising by between 3% and 5%, while the FT will boost sales and circulation at similar rates to 2005.