British media company Pearson Plc (PSON.L, PSO) posted an increase in its sales for the first three months of the year, including Penguin, and said its trading is in line with its expectations.
For the three-month period, sales including Penguin increased by 3 percent at constant exchange rates to 1.2 billion pounds.
The group said it expects 2013 operating profits and adjusted earnings per share to be broadly in level with 2012 before expensing restructuring costs.
Pearson further said it profits are heavily weighted to the second half and that it expects its first-half operating profits to be lower this year, owing to the phasing of restructuring charges, particularly in its overseas Education division.
At its AGM today, the group said, it is proposing a final dividend of 30p, giving a total dividend for 2012 of 45.0p, up 7 percent.
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