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  5. Moneysupermarket.com Says Revenue Growth Slowed As Expected In Quarter

Pin to quick picksMoneysupermarket.Com Share News (MONY)

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Share Price: 226.60
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Change: 1.20 (0.53%)
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Moneysupermarket.com Says Revenue Growth Slowed As Expected In Quarter

Wed, 15th Jul 2015 06:39

LONDON (Alliance News) - Moneysupermarket.com Group PLC Wednesday said that revenue growth slowed, as expected, in the second quarter of its financial year.

In a statement, the price comparison website company said second-quarter revenue grew by 10% to GBP67.2 million year-on-year.

Revenue for the first half ended June 30 was up 18% at GBP143.9 million.

Moneysupermarket said the "key drivers" in the second quarter were in insurance, where it has seen a "marginal increase" in car insurance premiums, and money, boosted by a "highly competitive" credit card market and "some competition" in current accounts.

Revenue from energy comparison benefited from "growing adoption" of energy collective switches, the company said.

By Samuel Agini; samagini@alliancenews.com; @samuelagini

Copyright 2015 Alliance News Limited. All Rights Reserved.

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