The FT Group, publisher of Financial Times, has reported a 12 per cent rise in annual revenues to £403m.
Paid-for digital subscriptions were up 50 per cent in 2010 to 207,000 and there were 900,000 sales of FT apps on mobile phones and tablets.
Digital services account for 40 per cent of FT Group revenues, up from a third in 2006, while advertising has fallen from a 67 per cent to a 45 per cent share over the same period.
FT Group owner Pearson, which also owns Penguin and an extensive publishing operation, reported a whopping 28 per cent boost in profits to £670m before tax – and total revenues were up eight per cent to £5.66bn.
Marjorie Scardino, chief executive of Pearson, said that the results represented the company’s “best year ever”.