Falling insurance premiums fail to dent Moneysupermarket.com’s third-quarter revenues
Taking a cut of insurance policies bought through its site accounts for more than half of Moneysupermarket’s business
Company
LON:MONY
MONY Group PLC is the parent company of Moneysupermarket.com, the price comparison site, Money Saving Expert, Ice Lolly and Quidco. It offers online services to consumers enabling them to search for and compare a wide range of products across money, insurance, travel and home services, and assists them in finding the product most suited to their requirements. Moneysupermarket.com's price comparison services offer a compelling value proposition to both consumers and product providers, by simplifying consumers' research, improving consumers' shopping experience and enabling product providers and advertisers to effectively target their marketing spend. The Group operates two flagship websites, moneysupermarket.com and travelsupermarket.com. The Group's websites attracted approximately 64 million visitors and 523 million page impressions during 2006.
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Taking a cut of insurance policies bought through its site accounts for more than half of Moneysupermarket’s business
The insurance comparison provider reported that revenues were unchanged from the same period a year ago at £75.8mln, while adjusted operating profits rose 20% to £15.9mln
The FTSE 250-listed firm posted a 5% increase in group revenue to £173.7mln for the six months to 30 June 18, with its adjusted underlying earnings (EBITDA) flat at £62.2mln
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More people switching their energy provider helped to drive the growth in the opening three months of the year, although commission from people switching banks fell
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Adjusted EBITDA for 2017 increased 5% to £127.2mln, with group revenue increasing 4% to £329.7mln over the same period
Investments and investor services
In London, the FTSE 100 closed down around 29 points at 7,252
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Don't worry; we haven't got a picture of Moneysupermarket's twerking twerp
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