LONDON: UK publisher Pearson Group has released preliminary full year results for 2007 that show an unexpected surge in profits to £549 million ($1.09bn; €717m). Sales rose 6% on an underlying basis at £4.2bn.
The company, which also owns the Financial Times newspaper, said operating profits up at the FT Group were up 30%; Pearson Education saw profits rise 9%; and its Penguin book publishing arm reported an increase of 20%.
Prospects for 2008 were good, said Pearson ceo Dame Marjorie Scardino (pictured): "We continue to reshape Pearson into a more digital, more international and more efficient company, and those changes make us confident that 2008 will be another good year."
Data sourced from Financial Times Online; additional content by WARC staff