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Pearson reports 15% gain in sales

Published on .

London--Pearson plc, owner of Financial Times, reported Monday that its 2001 sales increased 15% to $6 billion, from $5.2 billion in 2000, with strong growth in educational publishing offsetting a decline in technology publishing in the U.S. and a downturn in Latin American educational publishing operations. Pearson last week said it hired investment banking firm Lazard Freres & Co. to explore a possible sale of its FT Business unit. Profits for the FT Group fell 27% to $102 million in 2001 from $139 million a year earlier.
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