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Pearson Reports 6% Revenue Increase

Pearson Reports 6% Revenue Increase

Pearson, owner of the Penguin publishing group and the Financial Times, has reported revenues of £4.22 billion for 2007, up 6%.

The company, which also owns a US education business, saw operating profits rise 14% on an underlying basis to £632 million.

Marjorie Scardino, chief executive, said: “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.”

In a statement, Pearson said that there was strong profit growth in all continuing businesses, with education up 9% to £404 million, Penguin up 20% to £74 million, and FT Group up 30% to £153 million.

Marjorie Scardino, chief executive, said: “This is another record set of results and an excellent performance from every part of Pearson.

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