The group recorded underlying operating profit up 15% for the first nine months of the year and sales up 5%, whilst total sales for the nine months to September 30 were up by 11% and operating profits by 26%.
Pearson said that the fourth quarter is a key selling season in higher education and consumer publishing, but that it remains confident that 2006 will be another good year as it increases margins and grows ahead of its markets.
FT Group sales were up 5%, with the Financial Times benefiting from its global reach and new product innovations in print and online.
Advertising revenue conditioned to climb, up 10% in the first nine months to September 30. Pearson said that it expects the FT Group to make further significant profit improvement in 2006 compared to 2005.
Marjorie Scardino, chief executive, said: ‘We still have a lot of trading ahead of us, but we are on track to produce Pearson’s highest profits ever this year.
“That will be the result of strong performances from all parts of Pearson, together with our company-wide efforts to use our scale and technology to improve margins and create valuable new services for our customers.”
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