Read our new manifesto
Future 50 Banner

Financial Times group reports 3% increase in operational profit

The Financial Times group has reported a £31million operational profit, up 3% from last year, and £203million turnover, up 6%, for the first half of the year.

It has been reported that the decline in print sales was offset by a growing number of online subscriptions.

The Financial Time’s parent company Pearson announced that digital subscriptions are up 34% to 230,000 in the first half of the year.

The company said that they expect digital subscriptions ‘to continue to build steadily’.

It was also said that the company had ‘modest’ advertising growth, particularly in luxury and online, although the demand for advertising was described a remaining ‘volatile’.