The FT Group within Pearson reported revenue in the first six months of 164 million pounds, up from 135 million pounds in the first six months of 2006. Its profit was 23 million pounds, up from 11 pounds in the same period a year ago.
The company also said thatÂ FT newspaper circulation was up 1 percentÂ to 450,000, with a 12 percentÂ increase in subscriptions.Â In addition,Â FT.com subscribers were up 12 percentÂ to 97,000Â from the same period last year.
The higher profits was partly due to higher prices for all of its editions. The price of the FT roseÂ in EnglandÂ from Â£1 to Â£1.30 Monday-Friday and from Â£1.50 to Â£1.80 for the Weekend FT. In theÂ U.S., the price rose fromÂ $1.50 to $2. In Europe, the price rose fromÂ â‚¬2.60 to â‚¬3.
Advertising revenues at the Financial Times was up 5 percentÂ in the first half “benefiting from its global reach and online presence,” the company said.
Read the entire release here.