Half-year profits rise to £49.5m at MoneySuperMarket

Moneysupermarket.com Group PLC, the online comparison business, has announced half-year profit and revenue growth.

The Chester-headquartered company’s pre-tax profit climbed to £49.5m during the six months to June 30, up 5% against the same period in 2016.

Group-wide revenues, meanwhile, rose year on year by 5% to £165.3m.

The firm achieved growth across all three of its core businesses, with revenues from its MoneySuperMarket.com website growing by 3.6% to £147.3m, from TravelSupermarket.com by 9.9% to £12.2m and MoneySavingExpert.com by 3.6% to £20m.

The amount the firm invested in technology dipped slightly in comparison to H1 2016, falling from £10.4m to £9.5m, while average monthly unique visitors across its websites remained static at 24.3m.

Moneysupermarket.com Group CEO Mark Lewis said: “We’ve helped more people take control of their household bills than ever before, saving our customers £1.1bn in the first half of this year.

“Insurance switching grew an encouraging 18%. However, the energy market continues to evolve and the lack of blockbuster energy deals from providers meant we didn’t collectively switch as many people as last year.”

He added: “Our focus now is on using our tech investment to find new ways to help our customers, particularly on mobiles, and improving our everyday energy switching.”

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →