With parent company Pearson reporting financial results for the first half of the fiscal year, Penguin continued their hot streak with sales up 9 percent to 408 million pounds and profits up 22 percent to 26 million pounds. The company says “Penguin has made an excellent start to the year, with a particularly strong first-half publishing schedule. It is on track to reach its goal of double digit margins for the full year.” In a follow-up call, group ceo John Makinson offers a “slightly cautious note” for the balance of the year. He notes that current results are “somewhat influenced […]
