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FT Profits Expected To Grow

FT Profits Expected To Grow

Pearson, owner of the Financial Times, has said that it expects continued profit growth at the newspaper group this year.

The company said that it had made a good start to the year and is trading in line with expectations.

It added that it expects profit growth at its education business and “double digit profit margins” at book publishers Penguin.

Marjorie Scardino, chief executive, said: “Most of our trading lies ahead of us, but the start we’ve made to the year makes us confident that this will be another good one for Pearson.

“Our strategy, and the changes we’ve made to accelerate it, produced record results last year and made Pearson a more resilient company. We expect another year of good earnings growth, even in these more uncertain economic conditions.”

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