Pearson chief executive Marjorie Scardino said today that the British publishing company was on track to post its 'highest profits ever' in 2006.
'We still have a lot of trading ahead of us, but we are on track to produce Pearson's highest profits ever this year,' Scardino said as the group delivered a strong trading update for the first nine months of the year.
Scardino added that the record profits would be the result of 'strong performances from all parts of Pearson'.
Pearson owns the Financial Times and Penguin Books and is the world's largest publisher of educational material. It noted today in its trading statement that the fourth quarter was a key period for sales of higher education and consumer publishing.
Pearson said that its operating profit rose 26% in the nine months ended September 30 compared with the same time in 2005, while underlying profits grew 15% as total sales increased 11%.
