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FT Group operating profit rises 54 per cent

Financial Times revenues grow

The FT Group, publisher of the Financial Times, recorded a 12 per cent year-on-year revenue increase last year, according to its parent company.

Pearson said this morning that FT Group drew £403m in revenue in 2010, with underlying growth of nine per cent, and operating profit increased 54 per cent to £54m.

The company said that digital paid circulation of the FT was up over 50 per cent year on year to 207,000 last year and now accounted for approximately a third of total global paid circulation of the FT.

In 2010, digital and services accounted for 40 per cent of FT Group revenues, Pearson said today as it published preliminary results for the year. This was up from 14 per cent in 2006.

Read more at Press Gazette.