Pearson makes "good start" to 2010

<p>Pearson has said in its interim management statement &quot;all parts&quot; of the publisher have &quot;made a good start&quot; to the year, and that it expects to record profit growth for the year, ahead of the firm&#39;s AGM today at 12pm. </p><p>The international media group generated revenues of &pound;1.08bn in the first quarter of 2010, an increase of 7% in headline terms, or 12% at constant currencies. But Pearson stressed that the three months are &quot;always a very light trading period&quot; and expected growth to &quot;moderate&quot; throughout the year. </p><p>Marjorie Scardino, chief executive, said: &quot;The first quarter never tells us a great deal about the full-year, but our direction of travel is encouraging. Our leadership in global education and the rapid growth of our digital and services businesses across Pearson continue to propel strong trading. </p><p>&quot;We&rsquo;ve seen some improvement in markets that were tough for us through the recession, but we remain cautious about the economic outlook. Still, we&rsquo;re confident that we can build on our consistent record of profit growth this year.&quot;</p><p>Penguin is on track for &quot;another good competitive performance&quot; the company said, with the US and UK divisions showing a &quot;particularly&quot; good start to the year. </p><p>Pearson also highlighted its &quot;strong financial and competitive performance&quot; within the education division, saying its North American higher education, assessment and information businesses were &quot;showing good growth&quot;. The company also singled out good performance in the UK, which has seen &quot;rapid growth&quot; in the assessments and qualifications businesses. &quot;We continue to expect further share gains in education markets this year,&quot; the company said. </p><p>At today&#39;s AMG, the firm will propose a final dividend of 23.3p per share giving a total dividend for 2009 of 35.5p, up 5% from the previous year.</p>