Profits and revenue up at Moneysupermarket
Chester’s Moneysupermarket has posted strong figures for the first 6 months of the year.
The comparison site saw group revenue rise 18% to £143.9m with statutory profit after tax up 44% to £30.2m.
The figures, to 30th June, showed that revenues for MoneySavingExpert were also up 30%. This was due to more content and a better mobile responsive website.
In the interim results announcement, it said that trading would be ahead of last year, but only “modestly.”
“Taking into account the good first half trading, the tougher comparative sales in the second half, and the phasing of some marketing costs into the second half, the board sees prospects for the full year to be modestly ahead of its previous expectations.”